"China’s
Pork Industry:
Recent Trends and Implications for World Meat and Grains Trade"
China
is by far the world’s largest producer and consumer of pork.
Historically,
this well known fact has not had a large impact on the rest of the
world, as China has, for the most part, maintained self-sufficiency in
pork. However, since 2007 the situation has changed dramatically,
leading to large impacts on the global pork market, as China for the
first time began to import significant quantities of pork. The
imports became feasible as a result of favorable price spreads between
the Chinese and outside pork markets, and were facilitated by China’s
government attempt to build stocks and moderate the impacts of food
inflation. High pork prices in China were attributed to a number of
factors, including strong demand, disease outbreaks, a previous cyclical
downturn in margins and, importantly, a fundamental shift from backyard
production to commercial production systems as citizens migrate en masse
from rural areas to the rapidly industrializing cities.
Building upon
newly revised census-based data in China, this study will examine in
detail the factors driving the major change in China’s pork industry,
providing our best opinion of future direction. The detailed
analysis will be developed “on the ground in China” and integrated
through cogent desk research. Implications for global pork trade as well
as corn and meal trade will be presented to study participants.
Please join
Informa Economics, Inc. (Informa) and the National Grain and Oils
Information Center (NGOIC) in this comprehensive multi-client study
that will
examine the entire Chinese pork complex and reach conclusions that will
be critical to long-term strategic positioning for your firm.