China's pork deficit to reach 5 million tonnes
China is far from achieving the target of pig meat production, despite the increase in slaughter figures reported for the last three months. In fact, pork imports have increased by 10% in the first five months of this year compared with the same period of 2020. Besides that, 11 new ASF outbreaks with different variants of the virus have been reported since the beginning of the year, making it more difficult for farmers to take a chance of keeping the animals in farms instead of rapidly liquidating the herds.
New production models have been adopted to help the Chinese swine sector to reconstitute the 40% reduction in its pork herd but until then the giant Asian market will remain dependent on pork imports.
the deficit for this year is estimated at 5 million tonnes by a Brazilian expert. "In the accumulated from January to May this year, China imported 10% more pork than last year. If we look at the volumes exported by Brazil in 2021, we have already exported very close to 300 thousand tons, which is an increase of 20% compared to the same period last year. This proves that China continues to buy from Brazil, and from other countries. Today China produces around 40 million tons and should buy from the world in 2021, something around 5 million. Brazil should participate in 15% of the total volume," explained in a TV interview, Mr. Luis Rua, foreign market director of the Brazilian Association of Animal Protein (ABPA).
The US, Canada, Spain, Denmark and the Netherlands are the main competitors in this market, with Spain increasing its pork exports by 100% from last year. Between January and April 2021, Spanish pork exports have reached 617,609 tonnes and 1,418,2 million, figures that double those recorded in the same period in 2020, according to data collected by INTERPORC.
The shift in supply could disrupt trade flows throughout the new year, the report said. Rabobank...
In 2024, JBS broke its record of 44,000 promotions. This number represents 28% of the company's w...
Within the framework of the ninth version of Chile Week China, the most important event to promot...
