Feed demand in China to rise based on recovery in pig herd
Other Frozen Pork Cuts
China
Published Jul 12, 2022
Tridge summary
China's feed consumption is forecast to increase 4.5 million metric tons on recovering demand for swine feed as production becomes more profitable. “Poultry and ruminant feed demand are [also] expected to increase slightly,” forecast the authors of a new USDA FAS report on the Chinese feed market. Rice substitution for corn in feed rations is also expected because of rice’s price advantages over corn and other corn substitutes.
Original content
Data from China’s feed industry association data shows that total industrial feed production for MY2021/22 was 0.6% higher than MY2020/21. From October through to December 2021, the larger feed output though was offset by a reduction of total feed production of 3.2% later on - in January through May 2022. In those five months, swine feed was down by 5.7%, layer feed down by 3.5%, and broiler feed down by 4.8% from the same period in 2021. Swine feed production in both April and May this year saw a plunge of around 15% compared to last year. “Industry contacts believe the lower swine feed production in April was due to reduced pig slaughtering weight, lower pig inventory and COVID-19 lockdowns.” But that trend looks set to be reversed. Statistics from China’s ministry of agriculture and rural affairs (MARA), released at the end of April 2022, placed the sow herd at 41.77 million - that represents a 10% drop from the 45.64 million head recorded at the end of June 2021. But if ...
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