Chinese hog production declines on smaller sow inventory

Published 2023년 3월 15일

Tridge summary

In 2023, Chinese hog production is projected to decrease by 2% to 700 million head due to a drop in sow inventory in 2022, largely because of low hog and pork prices in the previous year. Despite this, pork production is anticipated to rise to 55.5 million metric tons due to increased demand. Pork consumption is expected to grow to nearly 57.6 MMT, driven by the hotel and restaurant sector, following the relaxation of COVID-19 restrictions. As a result, pork imports to China are predicted to rise by 4% to 2.2 MMT, recovering from a decline in 2022.

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

Original content

Chinese hog production in 2023 is forecast to decline 2% to 700 million head due to a lower, on average, sow inventory in 2022 compared to 2021, USDA Foreign Agricultural Service (FAS) reported in a new Global Agricultural Information Network (GAIN) report. The reduction comes after low hog and pork prices in 2022 forced many producers to reduce their sow inventories in 2022, although the inventory did rebound late in the year due to a recovery in hog prices. FAS China staff member Alexandra Baych noted that animal diseases, such as African swine fever (ASF), are expected to be endemic, increasing production costs for the sector. However, she said that the effect of ASF outbreaks on commercial production has become limited as producers appear to have adjusted production practices to manage outbreaks. Pork production to rise on higher demand The 2023 Chinese pork production forecast has been revised higher to 55.5 million metric tons (MMT) as demand for pork products is expected to ...

Source: NationalHogFarmer