World trade in pork to grow by 40 percent
According to the latest agricultural outlook from the organization for
economic cooperation and development (OECD) and the U.N. Food and Agriculture
Organization (FAO), world trade in beef and pork are expected to grow by more
than 40 percent by 2017 while poultry trade expands by just below 40
Increased import demand for beef and pork will be dominated by OECD
countries while Asian developing countries will drive poultry import gains, the
Between now and 2017, average global prices for both
beef and pork are expected to rise by about 20 percent, while wheat and corn
prices rise 40 percent to 60 percent and oilseed prices increase by more than 60
percent, as compared to average prices from 1998 to 2007.
OECD report suggested further review of existing biofuel policies, noting their
role in escalating food prices along with high oil prices, changing diets,
urbanization, economic growth, expanding populations and low global grain stocks
due to climate changes that have spurred droughts in major production areas.
Subscribe here to the free Pig Progress
To comment, login here
Or register to be able to comment.