Global pork supply is forecast to increase further in Q1 2018, mainly driven by the US, Canada, and Brazil. China’s pork imports have been slowing down lately, but are expected to pick up again over the rest of the year, according to RaboResearch’s latest global Pork Quarterly.
“The most significant story in global pork markets has been the slowing imports into China, which creates a risk of oversupplied global markets,” according to Chenjun Pan, RaboResearch Senior Analyst – Animal Protein. “However, we do expect China’s imports to pick up somewhat over the rest of the year, leading the EU, the US, and Canada to continue their battle for China’s pork market in 2018.”
(Source – http://www.blackseagrain.net/novosti/global-pork-supply-to-pick-up)