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Bloomberg

China’s reaffirmation of a long-term goal to be almost entirely self-sufficient in pork production means it will keep scooping up global grain supplies to feed the world’s largest pig herd.
The country, which consumes half of the world’s pork, will maintain a target to produce 95 per cent of the protein at home until 2025.
It wants to be self sufficient in poultry and egg, 85 per cent for beef and mutton, and 70 per cent for dairy, the agriculture ministry said, adding that they form part of China’s food security goals.
The targets are likely to bolster overseas purchases of soybeans and feed grains needed to fatten hogs, cattle and poultry.
Imports of feed grain are likely to remain high for the foreseeable future as China begins to prioritise domestic production of meat and dairy
Darin Friedrichs
China is already the top importer of soybeans and corn, and has bought unprecedented amounts in the past two years to feed a hog herd recovering from African swine fever. The buying binge sparked a global price rally as investors were also worried about supply.
“Imports of feed grain are likely to remain high for the foreseeable future as China begins to prioritise domestic production of meat and dairy,” said Darin Friedrichs, co-founder and market research director of Sitonia Consulting, a China-based agriculture information service provider.
The self-sufficiency goals, which were flagged since 2020 at least, come as the deadly African swine fever outbreak about three years ago destroyed roughly half of China’s hog population and spurred a surge in meat imports and record pork prices. It accelerated a push to modernise hog production and cut costs.
Today, the national herd has recovered to a six-year high and is 17 per cent bigger than before the disease struck.
Futures in Dalian are down about 50 per cent this year, underscoring the boom-bust cycle China’s pig farming industry is notorious for.
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The self-sufficiency targets are part of a series of measures to ensure stable meat supplies and prices.
The ministry said China’s consumption of livestock products will continue to grow but there will be gaps in feed grain supply and demand.
It also noted that China is “heavily reliant” on imports for soybeans.
When the trade deal between China and the United States was signed in January 2020, there were hopes it would lead to a reduction in bilateral tensions and restore some balance to trade, but those goals are proving elusive.
Since the signing of the phase-one agreement, Chinese imports from the US have hit a record, however, as of the end of last month Beijing was well behind on promises made – buying little more than 59 per cent of the extra US$200 billion in manufactured, agricultural and energy goods it said it would by the end of 2021.


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China’s self-sufficiency targets have been flagged since 2020 as part of Beijing’s food security goals
The targets are likely to bolster overseas purchases of soybeans and feed grains needed to fatten hogs, cattle and poultry



China’s self-sufficiency targets have been flagged since 2020 as part of Beijing’s food security goals, with a push to be almost entirely self-sufficient in pork production set to bolster purchases of soybeans and feed grains.
