US-China deal could create 'upsides' for EU pork producers
25th Apr 2018 / By Alistair Driver
Uncertainty in global markets, including the impact of the China-US trade dispute, will create opportunities and challenges for the pork industry, according to RaboResearch’s latest global Pork Quarterly.
The China-US trade dispute that has seen tariffs imposed on trade between the countries, including on pork products, will distort markets and weigh on pork values in North America. It will therefore create some potential upside for producers in Asia, Europe, and South America, the report says.
“The potential escalation of the China/US trade dispute – along with ongoing NAFTA modernisation talks – creates a heightened sense of risk,” said Christine McCracken, RaboResearch's senior analyst – animal protein.
“Disease is also part of this uncertainty, including the threat of African swine fever (ASF) spreading in Europe. With so many threats, agility will be a key asset for pork producers in a volatile operating environment.”
For more on this story, see Pig World