Our kryptonite? ๐ฉ๐ช๐
Aug 07, 2023๐๐ธ Even Superman can lose his strength, right? Well, according to Rabobank, global pork markets are being influenced by sluggish economic growth, weak consumption, and recurrent disease outbreaks… That is to say that global trade is expected to weaken after a strong first half of the year.
๐ฅฉ๐พ๐ฆ While global pork trade had been relatively strong, mainly due to an increase in imports by China, tight supplies in the US and UK; shortage of feed ingredients, due partly to issues with the Black Sea Grain Deal; and disease challenges have all raised prices and pressured consumption. To better understand the predictions, read this.