UN report shows a decline in meat supply
Losing 30% of the Chinese pig herd this year will impact the global meat production, according to a UN's FAO report, quoted by Bloomberg. This is the first decline to be observed in this agricultural sector in the last 20 years. Since 2000, meat production around the globe has increased by 45%, according to FAO experts.
Nevertheless, this year figures will be lower by 0,2% as meat production is going to be impacted by the numbers of pigs culled in China, Europe, Vietnam, and Cambodia due to ASF spreading. In 2018, global meat production stood at 337 million tonnes.
In the first 7 months since the outbreak began, China has culled more than 1 million pigs. According to estimates from USDA and Rabobank, the ASF situation in China is going to create a shortage of 10 million tonnes of pork by the end of the year. Meantime, poultry suppliers who have access in the Chinese market can benefit from this situation as the chicken meat can represent a cheaper, comfortable alternative for the consumers in this market. Poultry output may rise 2.8 percent this year, faster than the increase in beef and lamb, according to FAO experts.
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