The demand gap is huge, and the pork can still fly two years?
07 - 16 - 2020

In China, the recent pork exports in the United States, EU, Brazil, Russia and other countries have increased significantly. The analyst believes that China's pork gap may still last for two to three years.

GIRA Consultation Research Company adviser Herzfield said that the export situation of China is really very good, under the influence of African swine fever, China's pork production is so large, \" As for if there is pork in any place in the world, China is willing to buy. \"

According to the US Department of Agriculture, there is currently, including 20 overseas markets, including the United States, Canada and the European Union. Chinese export pork.

African swine fever constitutes a huge blow in China's domestic pork. Although new crown pneumonia (COVID-19) epidemic hurts the needs of pork, the current domestic pork prices are still twice the level two years ago. At the same time, the new crown epidemic also pushes the price of pork to a certain extent.

The National Bureau of Statistics shows that domestic May pork prices have fallen 15.2 percentage points. The new data of the Ministry of Commerce shows that domestic pork wholesale price is 40.1 yuan per kg.

In the first 4 months of this year, China's imported pork increased year-on-year. Customs data shows that the amount of pork exported to China has reached 112,300 tons from April this year.

The huge gap also makes the pig enterprises earn a lot of money. According to many sales briefings announced by many pig companies, the sales revenue of pig enterprises achieved faster growth.

\"But, China's demand gap is too big, so that China will still import as much pork as much as possible.\" Although many pork processing plants in the United States have suspended production, the export orders for China are still strong.

Further, since the epidemic has been interrupted for several weeks of pig outlet transportation, the export volume of French pigs has also emerged in the recent recovery of traffic. France's live pig exports in May were three times.

Pressed that the current pork price is three to four times the cost price, and the prospects of high profits are attracting a large number of investment into the Chinese pork industry. . Such a large amount of investment may result in excess of China's pork production, resulting in \"collapse\" in China's imported pork, but \"that may appear after two or three years later.\" So in these two three years, pork exporters facing China are expected to have a huge amount of benefits.

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