World red meat market: Chinese volatility and major international agreements shape the future

Published 2021년 12월 13일

Tridge summary

Quality Meat Scotland (QMS) has released a report detailing the volatile state of the global red meat market, with a focus on the significant shifts in China's pork market post the African swine fever epidemic of 2018/19. The epidemic led to a substantial drop in production, resulting in a surge in pork imports and a general increase in meat imports across China. This situation caused global livestock prices to rise, including in the UK. However, a rapid recovery in local production in 2021, coupled with reduced imports, resulted in a significant decrease in wholesale pork prices. Despite these fluctuations, prices for beef and lamb remained relatively stable and even increased, indicating a shift in consumer preferences towards alternative proteins. The USDA anticipates that pork consumption in China may not return to previous levels, with projections showing a persistent decline.

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

Original content

Quality Meat Scotland (QMS) has published an analysis of the global red meat market highlighting that the changing conditions of the pork market in China and the possible future impact of the proposed trade agreements between the UK and Australia and New Zealand influence the current industry discourse Specifically, the organization's senior economic analyst, Iain Macdonald, estimates that the Chinese pig market has gone through a very volatile period since the great African swine fever (ASF) epidemic of 2018/19 . “According to the USDA, production fell from an average of 54 million tons in 2016-18 to 43 million tons in 2019 and 35 million tons in 2020. To help alleviate supply shortages, meat imports from China's pork rose from a 2016-18 average of 1.66 million tons to 2.45 million tons in 2019 and 5.28 million tons in 2020. Since this increase could not fill the vac On the overall demand for protein in China, beef, lamb and chicken imports also skyrocketed. For example, USDA ...

Source: Cdecomunicacion