FAO: Due to internal demand, high prices and economic recession, global meat trade will fall this year

Published 2022년 11월 21일

Tridge summary

The United Nations' Food and Agriculture Organization (FAO) forecasts a slight contraction of 0.8% in the global meat trade in 2022, totaling 42 million tons, primarily due to reduced pork imports by China. Despite this, the demand for meat is expected to rise in regions such as the UK, EU, US, and South Korea, leading to increased domestic supply constraints for exports. The FAO predicts a 5.2% growth in bovine meat trade and a 2.8% growth in chicken meat trade, while sheepmeat trade is projected to increase by 1.2%, totaling 1.1 million tons. The FAO also anticipates limited supply for export markets due to high domestic demand and economic factors, with certain territories, including Canada and New Zealand, also contributing to this supply constraint.

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Original content

The international meat trade could close 2022 with a slight contraction of 0.8% compared to the records corresponding to the previous year, with which 42 million tons of pork, bovine, poultry and sheep products would be mobilized. According to the report from the Food and Agriculture Organization of the United Nations (FAO), this reduction would be due to lower demand from China, which is importing less pork thanks to its recovery strategies. This would be the only group of meat merchandise that would experience a fall at the end of the year, in the order of 11.3% in interannual terms, leaving the exchanges at 11.3 mt. However, it is expected that in other regions, such as the United Kingdom, the European Union, the United States and South Korea, meat purchases in general will enjoy an upward trend, derived from an increase in domestic consumption. YOU MAY BE INTERESTED: Fourth consecutive drop in global meat prices: FAO There will be limited supplies due to domestic demand The ...

Source: Ganaderia