China pork imports seen to rise in 2018

02.02.2018

After dropping 20% in 2017, China’s total pork imports will grow by about 6% in 2018 in response to changes in market conditions, Rabobank said in its Pork Quarterly Q1 2018 Report. Last year’s drop resulted mainly from weak prices in China amid strong global prices, as well as the high stocks in the country following record imports in 2016. However, pork stocks in China are believed to have declined over the past year.

This, along with the softening of global prices due to expanding supply and China’s continuing implementation of its environmental policy which have led to the exit of many hog farms in in eastern and southern China, supports stronger pork imports especially into these affected regions.


asian-agribiz

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