July 26, 2021
USDA: Global pork production increases in 2021
Global pork production this year has increased from previous forecasts to 105.1 million tonnes, according to the United States Department of Agriculture's latest "Livestock and Poultry: World Markets and Trade" report.
The increase has been largely driven by high production in China as output rebounds after the African swine fever (ASF) outbreak.
However, Chinese imports of pork have also been revised upwards, and the Philippines is also now expected to increase imports.
Pork production in the Philippines is still around 40% below levels recorded pre-ASF. Rebuilding of herds has so far been limited in part due to government regulations, on both pig movement restrictions and price limitations on pork at retail level.
However, imports by the Philippines have been robust, driven by lower domestic production and attractive prices compared to other global markets.
Meanwhile, global beef production is forecast to stand at 60.8 million tonnes, driven by declines in Argentina, Australia and Brazil.
Australia is currently rebuilding its national herd following the drought and, therefore, marketing of heifers will be reduced.
In Argentina, the government has been tackling high beef prices by limiting exports and attempting to increase supplies on the domestic market.