… Rabobank reported that pork production is set to grow faster than other species in 2021, due to the recovery from African swine fever (ASF) in China and Vietnam. China reached its lowest level of pork production in 2020, and recovery is expected to dominate 2021… 

 

 

Pork to lead animal protein production growth next year

 

By Iain Hoey, Pig World (UK)

Nov 19, 2020

 

The recently released Rabobank Global Animal Protein Outlook 2021 is anticipating production growth in most regions in 2021, with the global animal protein industry expected to rise again.

 

Rabobank reported that pork production is set to grow faster than other species in 2021, due to the recovery from African swine fever (ASF) in China and Vietnam. China reached its lowest level of pork production in 2020, and recovery is expected to dominate 2021.

 

“ASF is still a major driver of change. In Asia and Europe, the disease keeps affecting pig herds, pork production, and demand for other animal protein species as substitutes for pork,” said Justin Sherrard, Global Strategist – Animal Protein for Rabobank.

 

“All eyes are on China – Germany’s largest export market outside the EU. If China accepts regionalization, trade from the non-affected regions in Germany can continue. Until regionalization is accepted, or material alternative trade options are found, German supply will pressure European pork prices.”

 

According to Rabobank’s report, in 2021, the focus for the farming industry will be on recovery. As each animal protein group has been affected differently by Covid-19, the report expects they all will face different opportunities and risks.

 

Mr Sheppard added:

 

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