Resumption of price increase for pork in northern Europe

Published 2023년 3월 27일

Tridge summary

The article provides an overview of the pork market in northern Europe as it relates to the upcoming Easter holidays. It discusses the market's recovery after a period of stagnation, with price increases in Germany, Austria, and Denmark due to supply shortages and demand surges. Conversely, pork prices in the United States have dropped due to an unexpected increase in hog numbers. The article also touches on the pork market situations in Belgium, Spain, and China, where oversupply and disease are impacting prices. Additionally, it mentions the decline in European pork exports to third countries (excluding the UK) in January 2023, attributed to decreased production and competition from other meat sources.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Preparations for the Easter holidays are boosting trade and allowing supply markets in northern Europe to finally emerge from their lethargy after a month of systematically renewed prices. In Germany, the weakness of supply is particularly acute in certain regions and a resurgence in demand linked to the upcoming Easter holidays and more spring-like weather finally unbalanced the market and led to a rise of 5 cents in the official benchmark. Trade is more dynamic, particularly for the countries of Eastern and Central Europe for certain items such as ham traditionally served at the time of the Easter celebrations. The number of pigs slaughtered in Germany is stable, the fluidity in the farms is very good and the weights are falling. In Belgium, demand on the domestic market is still timid, but sales of half-carcasses to Eastern European countries are very satisfactory and allow price increases. In Austria the price of pork was re-evaluated by 5 cents in a context of supply 6% lower ...
Source: Pleinchamp

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