Rabobank Global Pork Quarterly Q3 2018: Global Pork Trade Facing Unprecedented Change
Escalating trade tensions between the US and China, and within North America, are expected to greatly impact global pork trade in 2H 2018, according to Rabobank’s latest Pork Quarterly report.
“The major changes in global pork trade reflect uncertainties arising from the increasing political and economic tensions between the US and China,” says Chenjun Pan, Senior Analyst – Animal Protein at Rabobank. “New tariff measures on agri products will put great pressure on several markets – mainly the US, China, and Mexico – although the nature of the pressure will depend on each trading position.”
In addition, increased production across the globe in 1H is expected to continue weighing on prices in 2H. Disease could add further uncertainty to supply and trade, as African swine fever (ASF) is spreading in Europe. Changes in feed prices in many regions could pressure margins. The Rabobank Five...
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