According to USDA'S Global Agriculture Information Network (GAIN), China’s 2014 pork production will continue its growth trend by rising two percent to 55.8 million tons.
China’s pork imports will expand by three percent to 790,000 tons based on competitive import prices, and live swine imports will rise by 5 percent due to strong demand for swine genetic improvement.
In December 2013, China’s General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) approved Chongqing, a municipality directly under the Central Government, to be China’s first inland meat entry port.
With regards to pork, despite higher-than-expected production and imports, China’s 2014 pork consumption may only increase by one percent to 41 kilograms per capita. Public health concerns continue to linger over last year’s ‘floating dead pig’ incident, when over 10,000 head of swine were found dead and floating in Shanghai’s Huangpu River. These concerns continue to have a negative impact on consumer purchase decisions related to pork.
China’s 2014 productive sow inventory is expected to account for 11 percent of total swine inventory, an amount which is higher than the government’s required level of 9-10 percent. China’s swine surplus has pressed hog prices downward since October 2013. With no significant disease outbreak during the winter months and an abundant supply, sources note that hog prices should remain at relatively low levels during the first half of 2014.
Tuesday February 25, 2014/ GAIN-USDA/ United States.