Challenges and Opportunities for the Global Food Industry during the COVID-19 Crisis
Apr 13, 2020
As COVID-19 rages across the world, global food trade, especially grain and meat, has been greatly affected. Export restrictions in some countries or areas may severely impact food supplies.
1. A Glance at Current Global Food Import and Export Trends
1.1 China largely increases meat importation.
Affected by African Swine Fever and COVID-19, China’s pork production has decreased despite consumer demand increasing. As announced by China GAC, as of Mar 24th, China has approved 997 new meat enterprise registrations in 2020. In January and February 2020, China imported 1,250,000 tons of meat (including entrails) with an increase of 69.9% compared with the same period last year.
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