Red meat starts up again: according to FAO, 2017 global production to increase by 1,7%

After a period of stagnation, between 2013 and 2015, and a slight growth in 2016, in 2017 worldwide production of bovine meat is bound to increase by 1,7%. On the one hand some countries, such as Russia and Australia, slow down, on the other hand Argentina, Brazil, Turkey and the USA gear up to boost the international exchange of red meat (+2,2%). Such is the forecast provided by FAO, the UN agency in charge of food and agriculture, as reported by Beefpoint portal. Both North and South America have been driving 2017 positive trend. Throughout the year provision supplied by the USA and Canada will increase by 5,3% and 3%, respectively. Conversely, in Argentina they will take advantage of the long-standing policy to plant breeding farms, while in Brazil manufacturers will “benefit from a competitive context”. Data provided by FAO merge with forecast indicated by USDA (the United States Department of Agriculture) for 2018: in the next 12 months, red meat production will further increase by 2%.


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