Canadian Pork markets made gains, before COVID arrived
Many agricultural markets have seen a positive return this year, in spite of COVID. One of those markets is pork.
Substantial gains were made in exports, particularly to China and Vietnam, before COVID hit. Pork exports for the January to September period are 18.2% by volume and 20.9% by value higher than in 2019. Year-to-date pork exports are $3.75 billion (1.1 million tonnes).
On a volume basis, substantial gains have been made into China and Vietnam. China has imported 481,914 tonnes of pork, up 119% from last year. For Vietnam, exports are up 461% at 20,251 tonnes.
Jason Wood, provincial livestock market analyst with Alberta Agriculture and Forestry, notes pork exports to China have increased rapidly following the temporary import suspension that was placed on Canadian pork exports in July 2019.
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