Global pork production revised up 3% – FAS report

According to a recent USDA Foreign Agricultural Service (FAS) report, global pork production for 2023 is revised up 3% from the October forecast to 114.0 million tons on higher output in China. Pork demand is expected to strengthen in China due to recently lifted COVID-19 restrictions. Production forecasts remain largely unchanged for other countries.
Global pork exports for 2023 are forecast 2% higher from the October forecast to 10.7 million tons as EU, Brazil, and US exports are up on stronger than anticipated demand from key Asia markets.
Upward revisions in China and Philippines imports will more than offset a decline in the United States. Philippines imports are forecast higher as reduced import tariffs for pork are extended through 2023. African swine fever continues to stifle Philippines production, boosting demand for imports.
Read also
Mexico creates state seed company to reduce dependence on imported seeds
Turkey allocates new quota for duty-free import of 1 mln tons of corn
US Soybean Meal Shipments to Philippines to Increase in Next 5 Years
Pakistan Faces Sharp Decline in Corn Exports Amid Rising Feed Demand and Regulator...
European Commission plans smooth transition between trade regimes with Ukraine
Write to us
Our manager will contact you soon