News Pigs
FAO: dip in pork production looming
The Food and Agriculture Organization of the United Nations (FAO) expects global pork production to fall again this year, leading to a second year in a row lower production. European pork production contradicts the trend and is predicted to increase
This is evident from the half-yearly report of the FAO Food Outlook. The organization expects another sharp decline in pork production. The forecast is that production will stagnate by 8% to 101 million tons for the whole of 2020.
China is not yet recovering
Chinese pork production plays a major role in the global forecast. The expected decrease therefore largely comes from the Chinese pig herd. Because the country is struggling with African swine fever (ASF), production was already approximately 21% lower last year. For this year, the FAO expects production to decline further by 20% to a total of 35 million tons.
The expected decrease in production is based on the fact that the country has still not been able to get a handle on the African Swine Fever. Less pork is also expected to be produced in Vietnam and the Philippines due to ASF outbreaks. Pork production in Europe and England does not play a role in the total decrease. An increase is expected there, as a result of strong import demand from China.
Import and export
Chinese pork imports are expected to increase by around 2020 million tonnes in 1,2 to a total of 4,1 million tonnes. This amounts to approximately 40% of total global pork production. Higher import demand is also expected in Vietnam and the Philippines. Global pork exports this year are estimated at 10,6 million tons. This is an increase of 11,2% compared to last year.
Chanti Oussoren
© DCA Market Intelligence. This market information is subject to copyright. It is not permitted to reproduce, distribute, disseminate or make the content available to third parties for compensation, in any form, without the express written permission of DCA Market Intelligence.