World meat production and trade developments in 2019
It is forecasted that beef exports will reach 10.6 million tons and global demand for beef is increasing, creating opportunities for large exporters to increase market share in key markets. Shipments from Brazil, Argentina and the United States may offset the decline from Australia and India
Update information on the world livestock market shows that pork exports are forecasted to be 3% higher due to strong demand from Asia and Latin America. The European Union will still be the leading exporter, followed by the United States. Chicken exports are also expected to increase sharply by more than 4% to create a new record. Some developing markets have the significant consumption such as Philippines, Angola, Cuba and Ghana.
In terms of beef, global production is expected to increase slightly (1%) in 2019 to 63.6 million tons, mainly achieved from Brazil, the United States and Argentina. With less cattle than expected in early 2019, beef production is expected to be lower. Despite the expansion of the herd of cattle by 2019, there will still be less cattle available for slaughter.
Forecast for 2019 exports reached 10.6 million tons when shipments from Brazil, Argentinal and the United States offset the decline from Australia and India. The effort to increase cattle in Australia will become a priority in 2019, providing opportunities for key exporters to improve market share as global demand for beef increases. Besides, high demand for beef in China and Hong Kong will continue to be strong while domestic production is stagnant, the instability of the disease in the competition of protein rich meat consumption.
Regarding pork, global production is forecasted to increase by 1% in 2019 to 114.6 million tons while continuing to expand in China and the United States. The global economy continues to grow, boosting demand for pork in most countries. Production is forecasted to be 1% higher in China where larger sows and improved productivity increase pig supply. However, the recently discovered African Swine Fluid (ASF) in China has affected the volatility and price of pigs, resulting in a slower expansion than last year. Global exports are forecast to be nearly 3% higher in 2019 due to strong demand. The European Union will remain a leading exporter and stand out by high demand from Asia, especially China.
On the occasion of Tet holiday, the demand for meat is often increased by about 25%, in which the price increase of meat products, especially pork, affects consumer price index (CPI) so this is relatively one of the Government’s concerns.
Source: chan nuoi viet nam