The global pork industry has been affected by strong supply and weak demand volumes recently, causing an overall fall in price. The oversupply has been driven by the US, Russia, and Brazil.
Increasing competition in the global export market is set to result in continuous price and margin pressures in the industry, according to Rabobank.
In Brazil, pressured domestic consumption, and complex Russian export negotiations are set to impact on prices, although despite this, industry prospects still remain positive.
In China, declining herd numbers has produced an improvement in piglet prices. This in turn will help to support price recovery and growth in the summer.
With the US still feeling the effects of PEDv and increased supplies, domestic pig prices have fallen.
