NEW YORK, July 17, 2015 /PRNewswire/ -- According to the latest Rabobank Pork Quarterly report, the global pork market recovered during Q2, with rising prices in almost all main exporting and importing countries.
Supported by limited supply growth, the supply/demand balance clearly improved across the globe, with the most notable recovery in the US, Canadian and Chinese markets. The EU and Japan were the exceptions, as pork prices dropped. This trend was supported by limited exchange rate movements.
Rabobank animal protein analyst Albert Vernooij says: "The main questions are when Chinese import growth will start, how much volume growth there will be and what the support for pork prices will be across the globe."
Outlook for regional markets:
- China's imports will expand in 2H and into 2016.
- In the US, the question is if Q2's margin recovery will continue, as the strong supply rebound will likely be partially absorbed by expected growth in exports to China.
- The EU market has ample opportunities for price and margin improvement.
- Continuing disease outbreaks in Mexico and South Korea support high prices and strong import demand.
For more information please contact the report's authors:
- Albert Vernooij: Albert.Vernooij@Rabobank.com, EU & Russia +31 30 71 23834
- William Sawyer: William.Sawyer@Rabobank.com, USA +1 +1 212 916 7991
- Chenjun Pan: Chenjun.Pan@Rabobank.com, China +86 10 56951155
Rabobank Group is a global financial services leader providing wholesale and retail banking, leasing, and real estate services in more than 40 countries worldwide. Founded over a century ago, Rabobank today is one of the largest banks in the world, with nearly $1 trillion in assets, and ranks among the 10 safest banks globally. In the Americas, Rabobank is a premier bank to the food, agribusiness and beverage industry, providing sector expertise, strategic counsel and tailored financial solutions to clients across the entire food value chain.