Germany gets extra slice of EU pork sales after Asian ban

Published 2020년 10월 21일

Tridge summary

Due to African swine fever outbreaks in wild boars, Germany's meat processors are facing export bans from Asia, leading them to redirect pork and bacon chops to supermarkets in the European Union. This shift has resulted in lower prices and increased oversupply in the European market, impacting sales margins and causing price pressures on certain pork cuts. Despite these challenges, opportunities to sell cuts previously intended for Asian markets have emerged. Germany is also advocating for a regional approach to exports, seeking to include areas without the disease, while experiencing a shift in pork exports to China, despite a slowdown in purchases due to assessments of their pig herd recovery and exploration of other protein sources.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Germany's meat processors are sending pork and bacon chops previously destined for Asia to supermarkets in the European Union after China, South Korea and Japan banned German imports due to an outbreak of African swine fever (PSA) in wild boars. Pig prices in the European Union's largest producer fell by about 14% immediately after the outbreak was confirmed on September 10, but have since stabilized, albeit at a lower level, as the disease plagues pig herds across the world. world. Since then, meat from Germany has been effectively trapped in Europe, displacing supplies from rival producers, including Spain, Denmark and the Netherlands, who continue to sell large volumes to China, where millions of animals have been slaughtered. For German meat processors, overall sales margins in Europe are weaker than they would be for China, mainly because they have been struggling to find markets for leftovers such as ears and feet, which are more popular in Asia than in Europe. The ...

Source: NoticiasAgricolas