International

Rabobank: The global pork production expected to rise

Pork

The global pork production is forecast to continue to increase mainly driven by China, the US, Canada, and Brazil, according to Rabobank's latest "Pork Quarterly Q4 2017" report.

Posted on Nov 06 ,07:20

Rabobank: The global pork production expected to rise

 

RaboResearch’s latest global Pork Quarterly also indicates that although China's pork imports have slowed down, they are likely to recover later this year.

“The most significant story in global pork markets has been the substantial decline in China’s imports in recent months, which creates a risk of over-supplied global markets,” says Chenjun Pan, RaboResearch Senior Analyst – Animal Protein. “However, we do expect China’s imports to pick up somewhat over the rest of the year.” While the Rabobank Five-Nation Hog Price Index suggests a stronger pricing trend, the major importing countries will likely maintain steady import growth.

China’s pork farming structure has been impacted by stricter environmental policy enforcement. Despite the exit of many small farms, we maintain our forecast for 2017, with production increasing by 2%. Prices will continue the downward trend, after holding at strong levels in summer. Pork imports were down by 27% in the first eight months, but may rebound over Q4 2017.

China’s import demand has been one area of distortion in global pork markets over the past one to two years, and a diversion in prices for certain cuts has been another. “Pork bellies have reached record levels in the US and some other markets, driven by strong demand, especially from foodservice,” says Justin Sherrard, RaboResearch Global Strategist – Animal Protein.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

DENMARK

Five new initiatives will ensure Danish Crown has more pigs

High capacity utilization at the slaughterhouses is a crucial part of turning the tide at Danish ...


Read more Read more
EU

Opportunities for the pig and poultry sector in the challenging European market

The European meat market is facing a scenario of structural changes due to a combination of envir...


Read more Read more
USA

USMEF: The impact of pork and beef exports on corn and soybean industries

In 2024, U.S. pork and beef exports of $19.1 billion – an increase of $1 billion over 2023 ...


Read more Read more
Websolutions by Angular Software and SpiderClass