2019 is the year when the farming industry began to unravel as extreme weather and disease is hitting already stressed farmers around the world
2019, will be the year when the farming industry began to unravel as China, who produce half of the world’s pork is set to drop by almost one-third because 200 million pigs are to be culled or die from being infected as African swine fever spreads through the country.
According to Rabobank, China’s pork production is seen at around 38 million tonnes in 2019 versus 54 million tonnes last year, Sherrard told Reuters, citing the company’s latest forecast.
That would be the lowest level in at least 20 years, according to the National Bureau of Statistics data, with repercussions across the global market for all animal proteins.
The decline would be nearly 30 per cent larger than annual output in the United States and equivalent to Europe’s yearly pork supply, Rabobank said.