Despite competition for other land resources, high feed costs and low profit margins, world meat production is expected to grow by 2% per year in the next decade. So says a joint outlook for meat from 2008 to 2017 by the Organisation for Economic Cooperation and Development (OECD) and the United Nations’ Food and Agriculture Organisation (FAO).
However, the report added that in the developed world meat production would only grow by 0,5% while in the developing world it would rise by 2,5%.
The report goes on to identify pork as a commodity that stands to benefit most from this increase in production. “Pig meat production is expected to rise by 4,3% to 2017 and in other countries, including Brazil and China, the rise is forecast to be 35%,” the report says
But the short-term outlook for pork producers in South Africa is not that rosy. Pieter Cornelius of South Africa’s Agrimark Trends said that locally, when compared to February 2009, the average price of baconers in March 2009 declined in total by 0,8%, while the average price of porkers dropped by 0,3%. – Staff reporter
World to produce more meat
Despite competition for other land resources, high feed costs and low profit margins, world meat production is expected to grow by 2% per year in the next decade. So says a joint outlook for meat from 2008 to 2017 by the Organisation for Economic Cooperation and Development and the United Nations’ Food and Agriculture Organisation.
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