Analysts expect global pork production to decline in 2024

Published 2024년 4월 24일

Tridge summary

Global pork production is projected to decrease by nearly one percent to 115.6 million tons this year, with China being the main contributor to the decline. The decrease in China's production is attributed to the impact of African swine fever, which has resulted in a significant loss of pigs and is expected to reduce the country's pork reserves. In contrast, pork production in the European Union, the USA, and Brazil is expected to increase, with Brazil hitting a record high. The reduction in China's pork production could lead to a decrease in domestic pork consumption and import demand, while pork supplies to countries like Mexico, Brazil, and the European Union are predicted to increase.

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

Original content

Global pork production this year is expected to fall by almost one percent from last year, or to 115.6 million tons. This was reported by ProPlanta with reference to data from the US Department of Agriculture (USDA, publishes data and forecasts on agriculture not only in the USA itself, but also in other countries - ROSNG) and the French Institute of Pig Production (IFIP). The main role in this will be played by China, for which the figure should decrease by two million or to 56 million tons. It is noted that other large producers of this meat will not be able to fully compensate for the losses. For example, the EU countries will increase the indicator by only 1.7 percent, the USA - by 2.9, and Brazil - 4.7. These are 21.1, 12.7 and 4.64 million tons. It is noted that for the latter country, despite the lowest indicator among others, this became a personal record. Based on these figures, for the EU the initial figure was 17.513 million, and the increase was 358.7 thousand, for the ...

Source: Rosng