World: Pork expected to remain leading source of meat protein consumed in 2025

Published 2024년 12월 23일

Tridge summary

Pork is expected to remain the leading meat protein consumed in 2025, with Asia being the main consuming region and its dynamics affected by African swine fever and government interventions. The Philippines is boosting its pork trade with tariff cuts and fighting ASF, leading to a decline in frozen pork stocks but strong demand remaining until 2025. South Korea's pork market faces challenges such as rising inflation, a weaker Korean won, political instability, and a shift in consumer behavior. The EU-27 is forecast to see a slight decline in pork production levels, with Germany likely to see a decline due to herd reductions and strict environmental regulations. However, the EU's pork exports are expected to face weak demand and tariff uncertainty, potentially disrupting soybean meal supplies due to a delay in implementing the EU Deforestation Regulation.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pork is expected to remain the leading source of meat protein consumed in 2025, with consumption in Asia, the main consuming region, affected by the fight against African swine fever and government interventions aimed at increasing producer prices, which will affect domestic supplies and import needs. On the supply side, the world’s two largest exporters, the EU and the US, could see their competitiveness weaken in the Chinese market if China imposes new tariffs on products from these sources amid potential new trade disputes. Russia could become a significant new supplier, while Brazil is likely to expand its market share, oilworld.ru reports citing S&P Global Platts. Philippines boosts pork trade with tariff cuts, ASF fight Since the first case of African swine fever was detected in China in 2018, the disease has spread across Asia, significantly affecting the dynamics of the pork trade. The Philippines has maintained a 15% tariff on pork under quota, below the standard 30%. The ...
Source: Oilworld

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