Reduced available supplies push EU pork prices up

Published 2024년 4월 2일

Tridge summary

In the first 11 weeks of the year, European pig prices saw significant fluctuations, with a notable decline in the initial five weeks followed by a recovery in the subsequent six, as analyzed by AHDB's Freya Shuttleworth. This volatility was driven by a mix of increased demand and reduced supplies, with EU pig meat production dropping to its lowest in over a decade in 2023, resulting in a 7% year-on-year decrease. This downward trend in production is anticipated to persist, influenced by a reducing herd size and new environmental regulations. Moreover, both EU pig meat exports and imports have diminished, reaching their lowest levels since 2014 and in over a decade, respectively, excluding 2021. The UK's share in EU pig meat imports has declined, whereas Switzerland and Chile have experienced growth in their market shares.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

European pig prices have seen some significant movements in the first 11 weeks of the year, according to AHDB market analyst Freya Shuttleworth. In the first five weeks (period ending 4 Feb), prices dropped off sharply, losing on average 12p/kg, on the back of seasonally weak demand. However, in the latest six weeks (period ending 17 Mar), prices have recovered, gaining 14p to average 185.63p/kg. All key producing nations have recorded strong growth in recent weeks on the back of tightening supplies. The driving force behind these price increases has been reported as an uplift in demand alongside the continued tightening of supply. Production of pig meat in the EU was the lowest volume recorded in over a decade in 2023, at 20.6 million tonnes. This is a 7% decline year-on-year and follows a 6% fall in volumes in 2022. These declines have been driven by reduced slaughter numbers, which are also back 7% year-on-year. Forecasts for 2024 predict further decline in pig meat production, ...
Source: Thepigsite

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