China to continue driving global pork industry


China will continue to drive global hog prices in the last quarter this year and well into 2017, with pork imports seen to become a more important supply source for the Chinese market, Rabobank said it its Pork Quarterly 4Q report 2016. The country’s pork production is expected to drop by 5-6% in 2016, higher slaughter weights and rising productivity will help offset the decline.

“Based on the low sow numbers, production pressure is expected to continue in 2017,” Rabobank said. “This will support a price rebound until the Chinese New Year at the end of January 2017, and it offers trade opportunities” for pork exporters.


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