For all the pork in China
The Earth Policy Institute has a startling data highlight about the consumption of pork in China. Half the world’s pigs, more than 470 million of them, live in China. While meat consumption in the United States has fallen more than 5% since peaking in 2007, says the institute, Chinese meat consumption has jumped 18%, from 64 million to 78 million tons — twice as much as in the USA (see the charts below). China already buys more than 60% of the world’s soybean exports to feed to its own livestock and has been a net importer of pork for the last five years.
In late May 2013 the American company Smithfield Foods Inc, which is reported to be the world’s leading pork producer, was bought by the Chinese company Shuanghui International, which is the owner of China’s largest meat processor. The acquisition has been reported by China Daily; USA Today seemed cautiously happy about China’s buying of American hogs; Forbes hastily attempted an analysis of what it all means; Fast Coexist provided that analysis with knobs on.