Outlook projects pork production to grow steadily
Asia-Pacific, Africa to see uptick
Agricultural Outlook 2010-2019 report is the sixth annual review of commodity market projections prepared jointly by the Organisation for Economic Cooperation & Development (OECD) and the food/agriculture organisation of the United Nations (FAO).
For pork, it projects world production to grow by 1.75% per year and consumption by 1.8% per year so that the global uptake by 2019 reaches 126 million metric tons annually.
The annual growth rate in production would be almost identical on a world basis comparing 2010-2019 to 2000-2009, but with some large regional changes including increases for Asia-Pacific and Africa, while Europe's rate of growth remains steady and North America and Latin America/Caribbean see decreases.
Latin America's reducing growth mainly reflects downturns forecast for Chile and Argentina, although Brazil will accelerate its output expansion from 1.73% to 1.83% per year. The average annual percentage increase is expected to rise for China from 1.90% to 2.27% and for India from 0.52% to 0.97%.