Inside: Pig Market
China also buys less American pork
The pig sector in the US is exporting a lot. In May, green figures were again written, both in value and volume. Compared to growing sales in Japan and South America, considerably less pork is going to China.
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In total, the US pork sector exported 222.000 tons of pork. An increase of 11% compared to 2016. This made May 2017 the fifth best export month ever and the best in terms of the month of May. The underlying export value also increased by 16% to $583.2 million. In May, the US exported 29,4% of total production, compared to 28,4% last year. Compared to the growing pig herd, the US has a slightly more prominent presence on the world market.
37
percent
Weakening demand from China
The US benefits from buyers in South America. Compared to 2016, exports to Mexico increased by 21% to 56.101 tons of pork. Colombia and Chile are also consuming larger volumes. Exports to Japan rose 6% to 34,743. However, American exporters are noticing increasing competition from Europe. European exporters are now in need of exports China less on the market is.
Just as in Europe, the weakening purchasing appetite in China is also reflected in the American export figures. In May, exports fell by 37% to 20,827 thousand tons. Less was also exported to independent Hong Kong.