Rabobank presents perspectives for the global pork market in 2024

The next year will be under the shadow of volatility in the animal protein market, influenced by variables such as weather conditions, geopolitical factors, health risks and dynamics of the population's purchasing power. Trade barriers persist as a pressing challenge for the export sector, given the low predictability environment. Global growth in pork production, which had been on the rise, will face an interruption in 2024. This trend reflects the expectation of a reduction in supply from the world's three largest producers: China (-0.5%), EU-27 (-3 .0%) and USA (-0.6%). Contrary to this trend, Brazil, as the fourth largest producer, projects an increase in production of 3.5% in the same period. The persistence of African Swine Fever (ASF) as a central health concern for the sector is highlighted, despite advances in vaccine development. To date, no vaccine has achieved sufficient commercial efficacy. In China, intense growth in production since 2021, combined with frequent sow ...