September 16, 2003
Outlook for China's and Global Pork Market
According to market analysts, the outlook for China's hog market for 3rd quarter of 2003 is favorable, with forecast of increases in turnover of live pigs and pork production.
For the global market, low rate of production returns generated during the latter part of 2002. FAO has forecast a less than 2% increase in global pork inventory and production for year 2003.
Total world production of pork for 2003 is estimated to be in the region of 95.8 million tons. The proportion from developing countries is expected to increase from 59% in 2002 to 60% in 2003, with Asian developing countries showing an increase of 3%.
For more details, read the full report in eFeedLink China News, Outlook for China's Pork Market and the Global Situation
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