China’s domestic hog production to decline in 2022

Published 2021년 9월 1일

Tridge summary

A USDA report forecasts a 5% decline in China's domestic hog production in 2022 due to lower prices and disease outbreaks, leading to a 14% drop in pork production. Small and mid-sized operations may struggle due to government policies aimed at limiting price fluctuations, while large, well-capitalized operations may benefit from subsidy policies. Pork imports are expected to rise to 5.1 million metric tons in 2022 due to consumer demand, despite price controls on imported products. The use of e-commerce platforms for selling imported meat products is also expected to increase.

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

Original content

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 ...

Source: NationalHogFarmer