GLOBAL - The global pork industry has been searching for stability during Q1 2015, with strong supply growth and relatively weak demand driving the market, according to the Q2 2015 Rabobank Pork Quarterly.
Pork prices are sharply lower, as robust global supply growth (driven by the US, Russia and Brazil) has outpaced rather subdued demand, dragging producer profitability into negative territory.
Rabobank animal protein analyst Albert Vernooij said: “The increasing competition in the global export market will result in continuous price and margin pressure in most countries around the globe. Therefore, after the buoyant—at least price-wise—last couple of years, the global pork industry is slowly moving towards the bottom of the cycle.”
Outlook for global and regional markets:
Source: ThePigSite News Desk