USDA: pork exports might be coming down
The United States Department of Agriculture has reduced
its pork export forecast for 2008 by 57 million kg to 2.4 billion
readjustment was based on recent weakness in shipments.
Industry analysts have been worried for
several weeks now that the strengthening dollar, the global economic situation
and the revival in of China's domestic pork production could all have negative
impacts on global pork trade.
World Supply and Demand Estimates (WASDE) report, released late last week, USDA
raised its total pork production forecasts for this and next year.
In 2008, production
will be 10.68 billion kg, according to USDA estimates – and slight increase in
comparison to the September forecast, which amounted to 10.66 billion
According to the
, pork production in 2009 pork will amount to 10.51
billion kg, an increase from 10.43 billion kg forecast in September.
The Agriculture Department indicated that stronger than
expected increases in pigs per litter have outpaced expected reductions in sow
farrowings into early 2009.
• US Department of Agriculture
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