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National & World Ag News Headlines
China Still Rules the Global Pork Market
USAgNet - 07/25/2016

With the most pigs and the highest per capita consumption in the world, China's impact on world prices is significant. Rabobank's recent Quarterly Pork Report indicates that China's hunger for imported pork, along with a stalling in-country supply will provide a foundation for global prices through Q3 2016. Uncertainties exist, though.

"Wildcards are feed costs and the Brexit induced changing exchange rates which could negatively impact the upswing, especially in the EU and the U.S.," Albert Vernooij, animal protein analyst at Rabobank, said in a news release.

The report states the volatile prices seen in June are just a temporary blip in the positive mood in China.

With supply forecast to bottom out and demand starting to pick up seasonally, prices are expected to peak somewhere during the coming months.


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