UN Food and Agriculture Organisation says production will fall about 10% in 2019 and create an opportunity for global pork producers
London — An African swine fever outbreak is expected to cut China’s pig meat output by at least 10% in 2019 and present opportunities for producers elsewhere, the UN Food and Agriculture Organisation said on Thursday.
“With the sharp decline in pig inventories, the exponentially rising [feed] import trend, especially of soya beans over the past two decades could come to an abrupt halt,” the report said.Get our news and views in your inbox “It is a rare combination of events that presents pig producers with higher prices, higher export volumes and lower feed prices. But the data available for the spread of ASF so far would indicate that in Europe and the Americas pig producers may be about to enjoy precisely this situation.”
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