The pig market in EU

Published 2021년 3월 16일

Tridge summary

Pork prices in main EU countries have surged due to increased demand and reduced supply, with Germany seeing a significant increase despite having cleared a backlog of pigs to suffer from the recent pig epidemic. The situation is worsened by the ongoing Covid pandemic and the regionalization of Africa Swine Fever (ASF) in Asia, leading to higher prices in Belgium, Austria, and Spain. In contrast, Italy's prices remain stable, while the US faces a sharp price increase, with declining pork exports to China contributing to the rise. China's pork prices, however, have dropped by 21% year-over-year, although piglet prices remain high. Chinese authorities are taking action against illegal ASF vaccines and selling previously stored pork meat to address the supply issue.

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

Original content

Pork prices in the main EU producing countries have accumulated significant increases in a few weeks: Germany 31 cents / kg carcass, Belgium 33 cents / kg live, Spain 26 cents / kg live. The same thing happened two years ago, but then, the reason was strong Chinese demand. Now, the reason has been the impact of the Covid. In Germany, it ended up with about a million pigs pending slaughter at the end of December 2020, but two and a half months later, this congestion of animals has already been put out and, in addition, the effect of a herd has begun to be noticed. which has been down for 5 years. The lack of supply and a demand that increases day by day, as Easter approaches, have been the causes of the rise in prices in Germany. The export situation has also improved due to ASF closures, as three Asian countries (Thailand, Singapore and Vietnam) have accepted regionalization. In Belgium, the price has been rising for 7 consecutive weeks to € 1.04 / kg live, thanks to improved ...

Source: Agrodigital