Disease to cut China pig meat output at least 10%
The shrinking of the world's largest hog herd will have a noticeable impact on meat and feed markets worldwide, with more than one million pigs culled in China so far in an effort to halt the contagion, the FAO said in a food outlook report.
"With the sharp decline in pig inventories, the exponentially rising (feed) import trend, especially of soybeans over the past two decades could come to an abrupt halt," the FAO report said.
The disease has also spread to neighbouring countries, notably Vietnam, Laos, Mongolia and Cambodia.
"The unfortunate prospect facing Asian producers could bring opportunities for (pork) producers elsewhere, particularly those in Europe, the U.S. and Brazil," the FAO said.
"It is a rare combination of events that presents pig producers with higher prices, higher export volumes and lower feed prices. But the data available for the spread of ASF so far would indicate that in Europe and the Americas pig producers may be about to enjoy precisely this situation."
Global pig meat production is forecast at 115.6 million tonnes in 2019, a decline of 4.0% from the prior year with a contraction in China outweighing expansions especially in the U.S., Brazil and Russia. ■