China's pork imports to peak in 2022, driven by fatal swine fever -consultancy [Reuters]
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Source: Reuters
China's pork imports to peak in 2022, driven by fatal swine fever: consultancy - Reuters 3 Min Read CHICAGO (Reuters) - Global meat shippers have three years to make the most of the outbreak of a fatal pig disease in China before Chinese pork imports peak, according to a report released by the U.S. pork industry, which is competing for sales against Europe and South America. The forecast issued on Wednesday starts a clock ticking for companies to profit from the epidemic of African swine fever (ASF), which has killed up to half of China’s hog herd since August 2018 and pushed Chinese pork prices to record highs. China’s pork imports will top out in 2022, before declining as domestic production recovers from the disease, according to the report that food consultancy Gira prepared for the U.S. pork industry. Import volumes will stay high through 2025, but prices will ease, Gira said. “This will be a very different period to the 2019-21 distressed market opportunity,” the report said. U.
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