China's pork market is set to grow for at least a decade
The growing population of China, constant growth of middle income and limited domestic resources for growing pigs are some of the factors that indicate an expansion of pork market based on imports, predicts Lorne Tannas, General Manager China for Genesus.
According to a report recently released by the company, we are going to see 10 to 15 years of very good pork price in China. At this point, China has limited resources to raise pigs and all of the new policies that Beijing is promoting in this sector are meant to favour only the big producers.
"Instead we will continue to see China buy value-added pork where the value is done in countries with the needed resources to do this. China just doesn't have these things to raise the pork internally. Several key areas in China have been chosen for expansion. This is good for large companies, but more difficult for small to mid-size companies for hog expansion. It should be noted these influences will only prolong the good prices. Growth will be slow but positive, in production performance, meat quality and safety.", considers Tannas.
(Photo source: Flickr/K-State Research and Extension)
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