AVP and corona put pressure on pork production

It is now expected that global pork production in 2020, with a total of 94,3 million tons, will be 7% lower than the previous year. Prior to this change, the USDA assumed 5% less production worldwide, but now that the corona crisis has gripped the world, a change is necessary.

China and AVP
But it is not only the corona crisis that causes problems, the African Swine Fever also has quite a few feet in the earth here. China, in particular, is having trouble getting production back to its old level. China is now expected to produce 20% less than in 2019, with the USDA lowering its forecast by 6%. The USDA assumes that the corona crisis has ensured that Chinese production has not recovered sufficiently.

Not only China is having trouble reducing production, other Asian countries such as Vietnam and the Philippines are still suffering from the consequences of the ASF. Although countries such as the United States, Brazil and some European Member States have increased production, this is not enough to maintain global production.

Export
Global exports, however, have been revised upwards to a total of 10,5 million tons. This is mainly due to the high demand from China, which has only increased because the country has not yet started sufficiently with its own production. China's import demand has been revised up by 4% to 3,9 million tons, which accounts for 40% of total global imports.