Pig/Poultry
Resilient demand and improved costs are sustaining the global pork trade despite persisting risks, finds new RaboResearch report.
African swine fever (ASF) is set to remain as a major factor in influencing the worldwide trade of pork, according to a new report.
The retail price of all meat and egg products is on an upward trend in China as a direct result of the outbreak and rapid spread of ASF.
The retail price of pork products in China has soared by over 80% since the outbreak of African swine fever (ASF) in the country.
Pork prices will be under pressure due to an abundant supply and looming slaughter capacity constraints in the US, according to Rabobank.
Continuing demand from China and stalling supplies will continue to support global pork prices for the third quarter.
The global pork market will continue its slow recovery in the fourth quarter of 2015, according to Rabobank's Global Pork Quarterly.
EU pork prices dropped in the second quarter (Q2) of 2015, with limited exchange rate movements a factor in the decrease, according to Rabobank.
