USDA forecasts a rise in Chinese pork imports by 2023

Published Mar 8, 2023

Tridge summary

The USDA has released a report predicting a rise in China's pork and beef production and trade due to COVID-19 restrictions. Pork production is expected to slightly increase to 55.5 million tons, while beef production could grow by 3% to 7.4 million tons. Meat imports are projected to rise by 4% to 2.2 million tons. However, this increase could be balanced by the rise in national production. The USDA also cautions about the potential impact of the recent atypical BSE case in Brazil on the global beef market.

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

Original content

In the latest of its forecast reports on the evolution of meat production and trade in China, the USDA estimates that the Asian country will keep pork and beef production up due to greater demand due to the restrictions due to the covid-19. 19 In the case of swine, USDA estimates point to a drop in the census due to the fact that in 2022 there were fewer breeding censuses. As for the production of pork, it will be around 55.5 million tons, a slight increase due to the elimination of restrictions and also due to the high prices of cattle for slaughter. Regarding meat imports, the USDA expects an increase of 4% to reach 2.2 million tons due to greater demand, but it could be slowed down by the increase in national production. For beef, the production estimate is that it will grow by 3% to 7.4 million t due to the ...

Source: Arriba El Campo