Monday, July 22, 2013

World pork production to grow modestly in 2013

    World pork production is forecast to about 2 percent in 2013 as elevated feed prices began to fall during the second half of 2012 and continued to diminish during 2013, according to the June FAO Food Outlook report.
    World meat production is anticipated to grow modestly in 2013, when it is forecast to reach 308.2 million tons, an increase of 4.3 million tons or 1.4 percent compared to 2012. Meat production is anticipated to grow most vigorously in developing countries, which are the main centers of demand expansion, however a decline in meat production is expected in developing countries.
    Meat prices have remained at historically high levels since the early part of 2011. The FAO Meat Price Index averaged 179 in May 2013, having moved within the narrow band of 177-179 since October 2012. Export reference prices for the different types of meat have followed varying directions so far this year, rising marginally for poultry and pork, remaining largely stable for beef and falling for ovine meat.
    Meat trade is expected to grow more slowly in 2013 than in recent years, as a result of adequate national supplies in a number of importing countries and a reduction in production among some of the major exporters. Global meat exports are anticipated to reach 30.2 million tons in 2013, an increase of 1.1 percent over 2012.

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