August 28, 2012

China's pork production rise 116% for first half of 2012
       

         
China's fresh and frozen pork imports reach 272,700 tonnes during the first half of 2012, a 116% increase on-year.

Frozen offal imports increased by almost 10% to 411,600 tonnes.

The main suppliers were: US, Spain, Germany, Canada, while the top five pork importing companies, (including COFCO Meat Beijing), handled 28% of the total imports.

Guided by its five year plan, China hopes to increase its meat production by some 85 million tonnes by 2015, an increase of 17% on 2010 levels. Pork will account 54 million tonnes of this increase, which would boost production by 7% relative to 2010.

China's consumers are expected to eat more meat as disposal income levels rise and the population level increases.

While pork as a percentage of overall meat consumption has dropped from over 85% in 1985 to 65% in 2010, per capita pork consumption is forecast to rise by more than 2 kilogrammes per head by 2020 to 39.7 kilogrammes per head.

China's efforts to increase pork production focus around investment in large scale intensive production units. Over the last few weeks, there have been a number of investment announcements.

The CP Group, controlled by Mr. Dhanin Chearavanont, ranked among the top 50 world business leaders, announced plans to invest in the Henan province, a hog project consisting of a grandparent generation swine farm, a parent generation swine farm and four hog-fattening farms.

Huaxi Hope Sichuan Tequ Investment Co., Ltd. plans to set up in Chongqing, a hog farm capable of finishing 300,000 head annually and a processing plant capable of handling over one million head while Guangdong WENS Group plans to invest for the establishment of a hog farm, capable of finishing 300,000 head annually, in the Sichuan province.