Italy: Pig trends in 2023

Published 2023년 6월 26일

Tridge summary

The global pig market is still affected by the spread of African Swine Fever (ASF) and high production costs. EU production has declined and pork prices are at record highs, although there are signs of stabilization in May 2023. In Italy, production has also decreased, leading to higher prices, and there has been a decline in domestic purchases of pork and cured meats. The supply chain still faces challenges, but catering and exports offer potential opportunities.

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

Original content

Global and European context The world pig market is still influenced by the health problems associated with the spread of ASF and by production costs settled at high levels, albeit decreasing. EU production is decreasing in the first quarter of 2023 (-7.7% compared to the same period of 2022) and pork prices continue to remain at high levels, reaching record peaks in 2023; only in the month of May is the first sign of a standstill seen.Production situation in ItalyIn the first four months of 2023, a total of over 4.3 million animals were slaughtered (of which around ý, within the PDO circuit), recording a production drop of 6.5% compared to the same period of the previous year (equal to 237,000 heads less). Price trend The lower availability of product, against the stability of final demand, contributed to keeping the pressure on prices along the supply chain, showing the first signs of abating only in the last month. In particular, in May 2023, the year-on-year price variations ...

Source: ITIsmea