China reaches record pork production in almost 10 years

Published 2024년 1월 26일

Tridge summary

China's pork production has reached its highest level since 2014, hitting 57 million 940 thousand tons last year due to an oversupply of livestock and efforts to mitigate losses from African swine fever outbreaks. Despite this, the total pig population decreased by 4.1 percent to 434.22 million. The surge in production has led to a 38 percent drop in the value of pork futures contracts due to the excess supply. Production of other meats including poultry, beef, and lamb also saw significant increases.

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

Original content

Pork production in China over the past year increased to the highest level since 2014 – 57 million 940 thousand tons. This was reported by the AfterShock information center, citing data from the National Bureau of Statistics (NBS). Overall, this is 4.6 percent more than what was released in 2022. Unfortunately, it is clarified that the reason was not at all rosy. Livestock farmers had to sharply increase the slaughter of livestock due to its oversupply, and also to reduce losses from last year's numerous outbreaks of African swine fever. The most active stage of slaughter occurred in the last quarter of the year. Thanks to this, production for that period increased by seven percent to 14.93 million tons. However, judging by the numbers, this may not have been the highest quarterly figure. This may mean that the strongest wave of the disease occurred during the rest of last year, causing greater livestock losses. USDA lowers global pork production forecast by 1% The total number of ...

Source: Rosng