Global pork market results in June

Published 2021년 7월 9일

Tridge summary

The world pork price index in June experienced a decline, dropping to 97% from 100% in May due to a significant decrease in pork prices in China. Despite higher average prices in many countries in June compared to late spring, the global price index fell due to the Chinese pork market's price drop. Other countries like the EU, US, Canada, Brazil, Mexico, and Russia also experienced price fluctuations. Factors such as changes in supply and demand, consumer activity, competition with imported meat, and export restrictions contributed to the price trends in these countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

World pork price index in June begged compared to the previous month, stopping at levels of 97% against 100% in May. Although in many countries the average June the mark was higher than in late spring, but the continuation of the "price drop" on Chinese pork market has caused the global price index to collapse pork. Learn more about changes in key pig markets from review of the analytical department of the Association of Pig Farmers of Ukraine. In China, pork is slaughtered mass in June reached the mark of $ 2.9. US / kg, which was previously recorded in the spring of 2019. So, from the end of May to the end of June the indicator lost more a quarter or almost $ 1 USA / kg z.m. In addition to the greater supply of pigs for slaughter, which is a key factor in the pressure on pork quotations in China, falling prices accelerated seasonal weakening of consumer activity and "closer" competition with cheaper imported meat. Despite this, in late June prices for pork for the ...
Source: Pigua

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