This month, the Chinese Ag Ministry released a three-year plan to restore pork production, a goal the Ministry calls “very arduous.” The short-term objectives are: 1) stop the decline of the herd this month, 2) ensure recovery in 2020, and 3) restore normal production by 2021. The plan identifies “key tasks” including:
Subsidize the construction of large-scale farms; Increase support for on-farm machinery and technology; Streamline permitting of outdoor breeding farms; Increase local level subsidies for production; Implement interest rate concessions and guarantees, create short term loan program and implement production insurance; Construction of 120 breeding centers under an extension type...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
