Pig International - July/August 2017 - 4
4 ❙ PigInternational
World pork production to grow
at a slower rate
Although world pork production dropped slightly in 2016 compared
to the previous two years, 2017 is projected to see growth again.
China's dominance of the market continues to create uncertainty.
BY CHRIS WRIGHT
malerapaso | iStockPhoto.com
Despite two years of a slight slowdown, 2017 looks
to show positive gains in world pig production.
According to Food and Agriculture Organization
of the United Nations (FAO) projections, global
pork production is expected to grow in 2017 to
nearly 120 million metric tons (mmt). The
FAO estimates that 2016 pork production
was about 116.5 mmt, a slight drop in
comparison to the 117.2 mmt
produced in 2015.
The data gathered by
Pig International shows
that 2016 world pork production was lower than in
the previous two years,
with a 1.3 percent drop
from 2015 to 2016 and a 1
percent drop from 2014 to
2016. However, compared
to world pork production in
2011, 2016 production was up
nearly 7.5 percent. Compared to 2006, world
pork production was up 12 percent in 2016.
A stable market
According to Rabobank, the 2017 global pork market is relatively stable. An oversupply in the Americas
is being absorbed by continued strong Asian imports,
supporting pork prices across the globe, although
those prices vary by region. Consumers should be the
www.WATTAgNet.com ❙ July/August 2017