As many of you have already heard by now, pork prices will continue to rise, and this will affect poultry and beef also. Presently, pork is up 25% compared to this time last year, and is expected to increase in the weeks to come.
The African swine fever (ASF) has spread into every province in China and throughout Southeast Asia. This has eliminated 30% of China’s pork supply — more than the United States’ annual pork production. To supplement China’s pork situation, they will redirect towards purchasing more poultry and beef. This product with find its way to China directly or indirectly through other countries.
Currently, the US is a major producer and exporter of all proteins. However, the US faces restrictions exporting to China. US pork exports are subject to 62% tariffs. Poultry exports have been banned since the avian influenza outbreak, and beef exports limited for various reasons.
I am very optimistic that this will change in the near future. Poultry will fill the initial void left by the pork shortage, followed by beef. Quite an eye opener to see how one protein can affect the rest.
This will ultimately reduce the supply of poultry and beef n the US, ultimately driving price increases.
As your executive chef, I will continue to look for ways to save your club money but will never compromise the quality of product.
Thanks for all of your support in the restaurant.