According to analysts, global pork production in 2020 will decline by 8%, rather than 5%, as previously predicted. The largest decline is expected in China (17%), followed by the Philippines (9%) and Vietnam (8%). All three countries are affected by ASF. In Brazil, production will decline by 1.5%, while in the European Union the expected drop will be 0.5%. For the US, growth is projected at 1.3%. The impact of the COVID-19 pandemic on the global pork supply chain is likely to be long lasting, EuroMeat News reported, citing Rabobank.
The Rabobank report notes that the manufacturing, processing, marketing and consumption challenges posed by the spread of the coronavirus could reshape the industry in the coming years. So, for example, access to labor will change, the level of automation will increase. Distribution channels and product range will be different. The bank recalled that the June outbreak of COVID-19 in Beijing led China to restrict imports of some processing units and stricter controls on imported food. Domestic prices in China have increased. A quick decline should not be expected given the slowdown in imports and an increase in ASF outbreaks. The recovery in consumer demand is also driving up prices.
Source: piginfo.ru.
