Netherlands: Farm-to-table pork price rises 12%, but is it enough?

Published 2023년 1월 4일

Tridge summary

The article discusses the significant rise in pork prices in the EU, with consumer prices reaching 132 points in September, a 15% increase from the previous year. Industrial and farm prices have also risen, with energy and feed costs being key contributing factors. The pork industry has seen a decline in production expected to be around 6.5% in the first half of 2023, which is likely to further increase selling prices. Despite these price increases, margins remain negative due to high feed and energy costs, indicating a need for further price hikes.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The consumer price for pork reached 132 points in September, equal to the July level, but a sharp increase compared to the 116 points in January 2022. The industrial price has risen by 1 percent since July to 141 points, while the farm price increased by 12 percent to 161 points. The increases are related to more expensive feed and energy. Price development in the store In the past, the consumer price was fairly constant at around 100 points. However, that has changed since 2019. In the second half of 2019, the level rose to an average of 111 points, and in 2020 to an average of 116 points. This was in response to strong demand for pork from China, which led to more expensive retail purchases. The index fell to 112 points at the end of 2022, but then started a steady rise to 118 points in February 2022. In response to rising energy and commodity prices, partly due to the war in Ukraine, the index rose to a level around the 130 points. In September the index reached 132. The index ...
Source: NLvarkens

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