The price of Hungarian slaughter pigs is much lower than last year

The article provides an overview of the current state of the pork market in various countries and the European Union (EU) as a whole. It reports a decrease in the producer price of pigs in Hungary by 6% year-on-year in June 2020. The U.S. is expected to see a 4% increase in pork production in the third quarter of 2020, with a predicted 12% fall in producer prices for fattening pigs. The EU's pork production is forecasted to slightly increase to 23.1 million tonnes in 2020, with a potential for 10% more pork exports. However, imports might decrease by 10%. Brazil's pork exports experienced a 50% increase in June 2020, with the largest markets being China, Hong Kong, and Singapore. Within the EU, the entry price for slaughterhouse pigs decreased by 8.6% in the last year, with dominant companies and slaughterhouses having an average price that was 16% lower in the 28th week of 2020 compared to the previous year. Hungary has seen a 14% decrease in live pig exports and a 38% increase in imports in the first four months of 2020.