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The world’s biggest pork eaters are developing a palate for beef and other substitutes

China’s pork consumption has probably peaked, as consumers are opting for a healthier and a more varied diet.Some 41.4 million tonnes of pork was consumed by the nation’s 1.4 billion people last year, according to market research provider Euromonitor. Although slightly higher than 41 million tonnes in 2017, it was 4.7 per cent lower than the historical peak of 42.5 million tonnes in 2014.On a per capita basis, last year’s consumption of 29.8kg was also 4.5 per cent lower than in 2014.Darin… Source link

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Is the world’s biggest pork consumer ready for substitutes, as African swine fever burns a path through China’s hog herds?

Chicago-based Sustainable Bioproducts could provide a substitute protein to help China cope with pork shortages as a virus threatens to halve the nation’s hog industry this year, according to two board members at the start-up.Tony Vernon, former chief executive of Kraft Foods who joined the company’s board this week, said the recent African swine fever epidemic has highlighted the role that alternative protein technology could play in resolving the unfolding food crisis.“While the need for… Source link

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The world’s largest pork producer WH Group, between the US and China, finds diversity its best solution out of the trade war

China’s WH Group, the world’s largest pork producer and owner of Smithfield Foods of Virginia, is adopting a two-prong strategy to survive the escalating trade war between the world’s two largest economies.The company will import more meat from Europe and South America to satisfy China’s demand in the largest pork-consuming nation while domestic hog herds had been culled by an outbreak of the African swine fever. It will also broaden Smithfield’s export markets to get around China’s tit-for-tat… Source link

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Vietnam 

Pork prices continue to rise on African swine fever, increasing demand – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Nam could have a shortfall of 500,000 tonnes of pork, or nearly 20 per cent of demand, from now until the Lunar New Year in early 2020 due to the effect of African swine fever. VNS Photo Văn Châu HCM CITY – The price of pork with clear origins has increased sharply all over the country because of the impact of African swine fever (ASF). At farms in the north and the south, prices have increased by VNĐ5,000 – VNĐ10,000 per kilogramme in the last several days. In the northern…

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China 

US trade war drives China’s producer prices into deflation, as pork prices send consumer inflation higher

The US-China trade war is forcing China’s manufacturers to sell their products at a discount rate, driving prices into deflationary territory in July, data released on Friday showed.The producer price index (PPI), reflecting the prices that factories charge wholesalers for their products, fell into negative territory at minus 0.3 per cent compared to a year earlier, down from the flat reading in June.The release showed the pressure being placed on manufacturers in China due to tariffs the… Source link

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China 

Surplus pork is biting US hog markets as trade war turns the world’s biggest customer away from American farmers

Trade concerns are starting to make all other factors in the hog market look obsolete.Futures have tumbled to the lowest since March. That’s as African swine fever decimates China’s pig herd in an unprecedented global supply disruption.Even though the Asian nation is importing huge amounts of meat, American producers are losing out to rivals in Brazil and elsewhere because of Donald Trump’s trade war. What’s more, the US president’s threat of additional tariffs is sparking concerns that a deal… Source link

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China 

China’s pork prices to hit record level in 2019 due to African swine fever, even as imports surge, report says

China’s pork prices will reach a record level by the fourth quarter of 2019 due to the impact of African swine fever on domestic production, even as imports continue to surge, according to a Rabobank report.Pork prices rose by nearly 30 per cent in June compared with a year earlier, according to the Ministry of Agriculture and Rural Affairs, with the spread of African swine fever showing no sign of abating, causing domestic production to plunge.“China’s pork and hog prices are likely to break… Source link

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China 

China’s pork output falls amid African swine fever epidemic

China’s pork output fell by less than expected in the first half as the country tackled a devastating disease outbreak, although official data released on Monday showed conflicting figures on the extent of the decline in the hog herd.China produced 24.7 million tonnes of pork in the first six months of 2019, down 5.5 per cent from a year earlier, according to figures from the National Bureau of Statistics, amid an epidemic of African swine fever.The size of China’s hog herd – the world’s… Source link

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Hong Kong says China pork supply may not recover quickly

Hong Kong said the supply of fresh pork from China may not recover soon as the African swine fever epidemic on the mainland curtails the availability of the popular meat.The government has been in talks with Chinese authorities to increase the supply of fresh pork as soon as possible, but it’s not likely to “swiftly return to previous levels in the short term,” Secretary for Food and Health Sophia Chan wrote in a blog post on the bureau’s website this weekend.It could be as long as a decade… Source link

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Vietnam 

Big pork shortage looms over Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  HCM CITY — Việt Nam could have a shortfall of 500,000 tonnes of pork, or nearly 20 per cent of demand, in the period until the Lunar New Year in early 2020 due to the effect of African swine flu, according to global research firm Ipsos Business Consulting. In its assessment on Việt Nam’s swine market supply and demand from July to early 2020, the company said though demand was down since consumers had sometimes switched to other foods, the decrease in supply was much higher and so supply…

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