Global pork demand rebounded following Covid-19 disruption in most geographies, yet supply remains constrained in many Asian markets, senior analyst of animal protein Rabobank, Christine McCracken has reported.
The imbalance continues to support strong export demand from the rest of the world, resulting in sharply higher pork values.
The enormous Chinese pork imports and double-digit increases in shipments to other Asian nations hit hard by African swine fever (ASF) have sustained the global pork industry since 2019, said Ms McCracken.
“Stronger Asian demand has been extraordinarily timely as it helped to offset lost domestic demand and weaker exports due to Covid-19. With this shift, China now accounts for over 40% of global pork imports, over four times larger than its nearest competitor,” she addedRead full article Share on twitter