Pork production and exports are both set to reach record highs globally in 2017 with China playing a key role in each case, according to AHDB Pork.
Analysing the latest global outlook report from the US Department of Agriculture, the production forecast for 2017 is that the global total will rise above 2015 levels, more than recovering from a predicted 2% decline in production in 2016.
“This year’s fall is driven entirely by an anticipated 6% decline in production by China while the anticipated surge in production next year is also largely attributable to an expected expansion of 4% in China,” said AHDB Pork.
Others are also forecast to make significant gains next year with Brazil heading for a 3% output growth, Russia expected to add a further 5% and the US being anticipated to grow by 4%. EU production, meanwhile, is set to remain “stable” over the next 12 months.
The USDA forecast for global export volumes includes an expectation that trade during 2016 will finish 18% ahead of 2015. Even so, it’s still predicted that export levels could rise by another 1% during 2017.