China’s hog prices sharply declined in the first six months of 2021, to levels lower than imported pork prices. This dramatic change in China, the world’s largest pork importer, will impact the global market, says Rabobank.
Despite the challenges of the coronavirus pandemic and the further spread of African Swine Fever (ASF) in wild boar westwards into Germany, EU pork production and exports broke a record in 2020, finds a USDA report.
China has become the biggest player in animal protein trade globally, and there should be concern about the implications, politically and economically, of such strong market dominance, says an analyst.
Factors such as steady demand for chicken meat, availability of feed from an ample grain crop in Russia and growing imports of soybean meal (SBM) support marginal poultry production growth in Russia next year, finds a USDA report.
Pigs, under a premium pork brand from the German food retailer, Edeka Südwest, are now being fed with certified European soybeans, reported Donau Soja, an Austrian not-for-profit initiative promoting GM-free soy production in Europe.