China’s domestic hog production to decline in 2022

China’s domestic hog production in 2022 is expected to decline by 5%, according to a newly released USDA Foreign Agricultural Service Global Agriculture Information Network (GAIN) report. The decline, the report suggested, is the result of lower prices and disease outbreaks in 2021 which led to significant slaughter and delayed restocking. Consequently, the report forecasted that domestic pork production in 2022 will also decline, by 14%, as fewer hogs come to market. Furthermore, government policies designed to limit price fluctuations will undermine expansion of small- and mid-sized operations. Large, well-capitalized operations, on the hand, will benefit from other subsidy policies, USDA attaché Alexandra Baych noted. According the report, the extent to which production will respond to demand in 2022 will depend on the extent to which China’s policy planning and regulatory agencies, the National Development and Reform Commissions (NDRC) and the Ministry of Agriculture and Rural ...