In the 1st quarter of 2018, global pork supply is forecast to increase further, mainly driven by the US, Canada, and Brazil. China’s pork imports have been slowing down lately, but are expected to pick up again over the rest of the year.
After the rather disappointing development of global pork trade in this year’s 3rd quarter, the global pork market will continue its slow recovery into its 4th quarter.
According to the latest Rabobank Pork Quarterly report, the global pork market recovered during the second quarter, with rising prices in almost all main exporting and importing countries.
Rabobank has published a new report looking at China's increasing role in the global pork industry, particularly the rising influence that China's fluctuating imports have in affecting global supply and demand balances and prices.
Ongoing strong Chinese import demand and stalling supply will continue to support global pork prices through the third quarter of 2016. Also the Brexit might have some influence on international pork trade.