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1. China continues to demand food, as population wealth drives demand.
The Chinese economy receives much press regarding its scale
and impact on supply markets. One such case in point is the
supply of soya into China, in 2013 the demand from China is
expected to reach 75 million tons, this equates to more than
the annual production of Argentina. Scary stuff.
However, behind this growing beast is the issue of the one
child per family policy and the impact that this will have on
future demand. In 2012 China’s population was estimated at 1.35 billion
people, fascinatingly this is predicted to reduce to 1.27 billion people by 2050.
Farming and Agriculture in China employs in excess of 500 million people of which
nearly 300 million people are farmers.
One particular area of agriculture that should not see a reduction in demand is the
pork industry. China is the largest producer of pork in the world with a national sow
of herd approximately 50 million sows, which produces an estimated 50 million tons
of pork meat. In context this equates to the sum of all the rest of the pork produced
in the world. The demand for imported pork continues to grow at a steady rate. The
team at AgJobsToday, the 100% global job portal, put this into context by stating
that if all the finisher pigs produced in China in one year were lined up snout to tail,
they would cover the Great Wall of China 47x in length.
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