Pork consumption is boosting in The Philippines
Pork production and imports are expected to rise (and are already doing so) as it usually happens for this last period of the year. The truth is that retail is maintaining its price level despite the higher demand and the...
China regulates its supply to stay profitable
China’s pork production dropped by 0.8% in this third quarter compared to last year. With consumption patterns changing, and being difficult to predict, this decline is not new and has been the trend throughout these months. The Government is implementing...
The Philippines still struggles with ASF and competition for imported pork...
The Filipino pork industry is trying to figure out how to fight ASF and reduce its imports dependence. Lately, the Department of Agriculture has revised its pig recovery program, which they have now called Modified Integrated National Swine Production Initiatives...
Vietnam: record retail prices for domestic pork and import and imports keep...
In Vietnam, pork prices are hitting a 4-year high. Three key factors can explain this: Feed prices have increased a 9.6% since a year ago, so re-herding of pig population isn’t happening as same speed as the domestic demand of pork....
Chinese pork market is recovering with higher prices for both local and...
The pork market has been in recovery mode in the last few months driven by less supply and stable demand that led to increasing prices. Aside from a slight decline at the end of August, the price trend has been...
Imports are still needed to stabilize the market in The Philippines
Despite the effort of the Philippines authorities to rebuild its hog industry after the ASF disease that started in 2019, the long domestic supply chain is increasing both farmgate and retail prices for pork cuts. Consequently, imports are stable and...
Vietnamese domestic industry is growing but demand is growing faster
Pork demand and consumption are increasing in Vietnam, and it’s expected to be sustained. According to the US Department of Agriculture, pork consumption in Vietnam will go up by 28.3% in 2030 compared to 2023. It is one of the...
