China 2019 pork production to fall 10-20 percent year on year: Rabobank

0
57
© Reuters. FILE PHOTO: A resident gets pork from a vendor at a market in Beijing© Reuters. FILE PHOTO: A resident gets pork from a vendor at a market in Beijing

WUZHEN, (Reuters) – ’s imports of pork will increase ‘substantially’ after the first quarter, following an epidemic of African swine fever that has reduced pig production, a leading analyst said on Thursday.

Domestic production of pork by China, which produces about half of the world’s total, will fall by up to 20 percent in 2019, said Oscar Tjakra, director, Food & Agribusiness research at Dutch lender Rabobank.

China’s pig herd declined by 15 percent in 2018, according to the bank’s estimates, Tjakra told a conference in Wuzhen.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, ) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the , is one of the riskiest investment forms possible.

Article continues below Advertisement...

Source: Investing.com