The US Department of Agriculture has raised the forecast for global pork production

Published 2023년 1월 23일

Tridge summary

The US Department of Agriculture has increased its global pork production forecast for 2023 by 3%, from 110.98 million tons to 114.09 million tons, primarily due to an increase in China's production. Despite this, China is expected to remain the world's largest pork importer, with Mexico and Japan also significant importers. The EU is predicted to be the world's largest pork exporter in 2023. Beef and chicken meat production forecasts remain largely unchanged, with beef exports estimated at 12.2 million tons and chicken exports at 14 million tons (a 1% reduction from the October forecast).

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The US Department of Agriculture increased the forecast of global pork production in 2023 by 3%: from 110.98 million tons to 114.09 million tons, against the background of an increase in the volume of production of this meat in China. In the previous review, in October 2022, US analysts estimated the production potential in the PRC at 52 million tons, now at 55 million tons. Demand for pork in China is expected to increase due to the recently lifted restrictions of COVID-19. This is reported by UkrAgroConsult. Production forecasts for other countries remain largely unchanged, the review said. Thus, the production of pork in the EU countries may amount to 22.58 million tons, in the USA - 12.47 million tons, in Brazil - 4.44 million tons, in Canada - 2.07 million tons, in Mexico - 1.6 million tons . Despite the expected increase in production, China will remain the largest importer of pork and can purchase 2.1 million tons in 2023 (1.7 million tons in the October review), imports to ...

Source: Agravery