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Bethan Wilkins

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AHDB Pork Market Intelligence

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Global pork exports likely to recover in 2015

Home \ Prices & Stats \ News \ 2014 \ November \ Global pork exports likely to recover in 2015

According to the latest forecasts published by the United States Department of Agriculture (USDA), global pork trade is likely to recover in 2015, after declining for two consecutive years.

According to the latest forecasts published by the United States Department of Agriculture (USDA), global pork trade is likely to recover in 2015, after declining for two consecutive years. Forecasts suggest a 4% increase in shipments from the main global exporters next year.

The increased trade is expected to be largely driven by a greater import requirement from China. Mexico and several other Asian markets are also attracting increased volumes of pork. However, imports to Russia are set to fall further, having already dropped by half this year, while its production is projected to increase by 18% across 2014 and 2015. As a result of the Russian bans, Brazil has gained massively and its production and exports are forecast to grow strongly in 2015. Both US and EU exports are also expected to rise, by 3% and 2% respectively. For the US, this is on the back of the expectation of a 5% increase in production, although there is some uncertainty about the impact of PEDv this winter.

To read more about prospects for the global pork market, download the document below.