Rabobank says Chinese pork imports will fall
China will reduce its pork imports in 2012, after growth of 80% to 90% last year, according to Rabobank. Domestic production is recovering, which is pushing down prices and reducing the need to import, according to a statement published by the bank.
Rabobank says pork and offal imports in 2012 are expected to fall by between 18% and 35% compared with 2011. Disease continues to threaten supply, with clear signs of FMD in the country’s herd. However, the number of pigs in China began to recover in the spring of last year, reaching about 475 million head in November, nearly 5% more than at the end of 2010 and 2% more than at the end of 2009.
Information provided by Agencia Estado