Swine industry recovery in China creates opportunity

Published 2023년 1월 11일

Tridge summary

China is actively recovering from the African swine fever outbreak of 2018, which significantly diminished its swine industry, leading to increased pork imports from countries like the U.S. Despite challenges such as COVID-19, inflation, and the 'pig cycle,' the country is focused on rebuilding and transforming its swine industry. This transformation includes stricter regulations, financial incentives for larger farms, and efforts to become self-sufficient in core swine breeding resources by 2035, backed by technological innovations in breeding and biosecurity. These changes are expected to improve pork production efficiency and ensure national food security. The recovery and structural adjustments in China's swine industry present trade opportunities for Iowa, offering its exporters, particularly in the feed and animal health sectors, significant market access.

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

Original content

Despite setbacks, China is determined to grow its swine industry after taking a massive hit from African swine fever (ASF) in 2018. This has created opportunities for international collaboration, according to a new report from the Iowa Economic Development Association (IEDA). Tony Wang, IEDA representative in Shanghai, China, said the road to recovery has been bumpy, especially as the country endures complications from COVID-19, the pig cycle, inflation, and other factors. Following the devastation caused by ASF, China’s pork imports went up significantly in 2019 through 2021. At its peak in 2020, Wang said the U.S. accounted for roughly 14% of China’s pork imports. As China gradually rebuilds its swine herd, however, pork imports have dropped sharply. Still, Wang said lingering impact of ASF combined with the effect of the “pig cycle” and market speculation activities have kept the current pork prices fairly high (around $4.6/kg). Challenging as it may be, China has set clear ...

Source: NationalHogFarmer