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UTRECHT, NETHERLANDS — Rabobank’s Global Pork Quarterly report for the first quarter of 2023 warned of volatile pork demand as a consequence of the global recession. Although pork, as a less expensive protein, will likely not be as affected by the slowing economy as other meats, it will still experience pressure.

“Trade is expected to increase modestly in Q1 2023, but it may find growth difficult to sustain through the year, given slow production in major exporting regions like the EU and US,” said Chenjun Pan, senior analyst, Animal Protein at Rabobank.

Pork exports face uncertainty with volatile demand in 2023 | MEAT+POULTRY