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August 31, 2021

 

China's pork production expected to drop by 14% next year


 

China's hog production will drop by 5% in 2022, according to a report issued by the United States Department of Agriculture's Foreign Agricultural Service (FAS) post in Beijing.

 

"Low prices and disease outbreaks in 2021 led to significant slaughter and delayed restocking. Pork production in 2022 will decline by 14% as fewer hogs come to market and government policies designed to limit price fluctuations inadvertently undermine expansion,"the report stated.

 

"Pork imports will rise to 5.1 million MT (metric tonnes) as consumer demand for pork exceeds domestic production. Cattle and beef production will grow slowly in 2022. High beef prices will encourage investments by large producers."

 

The report added: "However, small producers with poor herd genetics and space constraints will continue to dominate production. Cattle imports will be stable at 350,000 head. Beef imports will grow to reach 3.3 million MT, but at a slower rate, as high beef prices are balanced by more diverse beef suppliers entering the market."

 

- Reuters

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