W49: Weekly Pork Update
Global
Pork Prices Remained Stable According to FAO
Pork prices remained stable in relation to the previous month, with a slight price increase (0.18%). However, compared to November 2021, it gained a valuation of practically 20%. It currently maintains one of the best quotations of the last three years and, on average for the first 11 months of 2022, reaches a value just over 7% higher than that of the same period last year.
Europe
Trade Data Highlights Importance of UK Pork to EU
EU imports of fresh and frozen pig meat from the UK for September totalled 14,100MT, up 1,150MT (8.9%) in August, according to AHDB analyst Charlotte Forkes-Rees, highlighting the importance of trade between the two regions. When compared with last September, imports were up 979MT (7.5%). Between January and September, there has been 127,300MT of fresh and frozen pig meat imported by the EU. This is 27,500MT (27.6%) up on the same period last year.
EU Meat Industry News, October 2022
In the period from January to August 2022, EU exports of pork products amounted to 2.96 million MT and were 21% lower than a year ago. This decrease is mainly due to a decline in shipments to China, which amounted to 924,000MT in this period, 54% less YoY. China is successfully rebuilding its pig population and it is forecasted that in 2022, it will import 49% less YoY. The decrease in shipments to the Middle Kingdom cannot be compensated by the growing sales of pork to the Philippines (333,000MT).
Spain
The main supplier of piglets in Spain is the Netherlands. According to Spanish trade figures, 1.26 million piglets went to that country in the first three quarters. Denmark supplied 150,500, Belgium 122,000 and Portugal 113,500. According to statistics, the number of animals imported from Germany has also increased by more than a fifth from January to September 2021 to almost 83,700 animals. The often seasonal price differences between countries are a driving force behind the piglet trade. Another factor is the Spanish slaughtering capacity, which has been greatly expanded in the past. However, in the first three quarters of 2022, imports of slaughter pigs into Spain fell slightly by 2.6% to 544,900 animals compared to the same period last year. In particular, fewer animals are imported from France and Belgium into Spain. The purchase from Portugal, on the other hand, doubled to almost 273,000 animals. That supply somewhat compensated for the disappointing deliveries from other countries.
United States
October Pork Exports in the US Are the Largest in 16 Months
October exports from the US pork were the largest in more than a year and beef export volume also increased from a year ago, according to data released by USDA and compiled by USMEF. Pork exports reached 238,198MT in October, up 5% from a year ago and the largest since June 2021. Pork export value increased 13% to USD 697.3 million, the highest since May 2021. For January through October, pork exports were 12% below last year at 2.18 million MT, valued at USD 6.26 billion (down 8%).
Reporting System Creates Opportunity for Us Pork Exports to Dominican Republic
In July 2021, authorities detected African Swine Fever (ASF) in the Dominican Republic. The disease, which rapidly spread throughout the country, crippled local swine production, but boosted export opportunities for US swine meat producers to the Dominican market, according to a recent USDA GAIN report. With a nationwide control and eradication effort underway, the Dominican Republic will face a nearly 30% fall in swine production in calendar year 2023 over the same period in calendar year 2021. Meanwhile, imports are expected to supply the shortfall. With free market access, the United States will continue as the principal provider of swine meat imports into the Dominican Republic, according to the report.
Lean Hog Futures Bump Up Against Strong Chart Resistance
Once again, February lean hog futures rallied right up to a strong technical resistance layer located between USD 92.00 and USD 93.30, and backed well down. Fundamentally, the CME cash hog index is still seeking a seasonal bottom. The latest CME lean hog index is down 16 cents (as of Dec. 6), signalling a seasonal low is not yet in place. December lean hog futures finished Wednesday at a modest discount to the cash index, signalling traders aren’t yet convinced a seasonal bottom is at hand.
Germany
Pork Prices in Germany Have Slowed Down
After a period of quite dynamic price recovery, the German stock market slowed down. Although the price range considered yesterday was USD 2.12- USD 2.18/kg (EUR 2.00 - 2.05), the session ended with the result of USD 2.12/kg (EUR 2.00) of fattening pig with a meat content of 57%. This means that the recommended price of pigs in Germany has not changed compared to W48. Converted to the national currency, German pigs currently cost USD 2.12/kg (PLN 9.36). In domestic purchases at the beginning of the week fatteners in class E cost USD 2.23/kg (PLN 9.81). Żywiec, in turn, was valued at USD 1.71/kg (PLN 7.52). Is this the end of the much-needed raises for breeders? It seems that there may be a temporary stagnation in the market. The period immediately preceding Christmas has never been a time of major market movements. However, according to experts, in the long term, we should not be afraid of either a drastic drop in prices or a prolonged stagnation on the market. It is likely that after the New Year the prices will systematically increase.
Netherlands
In 2022 there were 11.3 million pigs in the Netherlands, the lowest number in almost twenty years. The number of pigs was more than 12 million for years, from 2020 it decreased to just below that. The number of farms with pigs had decreased by 45% to 3,273 compared to ten years earlier. The decrease in the number of pigs and pig farms is partly the result of the cessation scheme Action Plan Ammoniak Veehouderij and the Subsidy Scheme Restructuring Pig Farming (SRV).
Small Plus on Vion’s Fattening Pig Price
DCA was up 3 cents on Friday at 1.92. Vion's increase therefore lags somewhat behind this. According to Vion, there is more demand because of Christmas, but it is therefore even less than last year. Normally there is a very good demand from the English market for special cuts. That question still remains. The German fattening pig quotation is getting its own dynamics due to the almost self-sufficient market as a result of the reduction in production that has taken place there. The German quotation is at 2 euros. Last Friday, the pigs were traded on the stock exchange for USD 2.13 (2.10 euros). In the southern European countries, prices are unchanged or falling. In addition, global markets such as the United States, Brazil and China have been showing a downward trend for weeks in a row. The demand from China, which the whole of Europe was hoping for, has not yet materialised.
Brazil
Pig Farmer Purchasing Power Drops by 2.2% Over the Year
In November, the pig farmer suffered a monthly drop of 1.2% in the sale of live pigs, while reaching 1.5% appreciation over November last year. The corn producer, in turn, suffered a slight drop of 0.6% over the previous month, while reaching an increase of 0.8% over November last year. The monthly monitoring carried out by SuiSite points out that the purchasing power of pig farmers showed a slight loss of 0.6% in the month and a small increase of 0.7% compared to November last year. In any case, it remains significantly below the volumes acquired in the same period of 2019 and 2020. The accumulated in the last 11 months compared to the same period of previous years continues to show that pig farmers have been losing their purchasing power: in the period, they acquired about 1.372 sacks of corn from the sale of an arroba of live pigs, confirming 2.2% below the acquisition achieved in the same period last year. The comparison with the same period of 2020 and 2019 points to losses of more than 30% in the pig farmer's purchasing capacity.
IBGE Records a Record in Pork Consumption
Pork consumption in the first half of 2022 broke a historic record in Brazil. According to the Brazilian Institute of Geography and Statistics (IBGE), the country's population consumed, on average, 18 kg of this meat between January and June of this year. By way of comparison, the record was 16.9 kg for the same period in 2021. This increase in consumption has happened gradually in recent years, from 14 kg per inhabitant in 2010 to 16 kg in 2021, according to the Associação Brasileira de Proteína Animal (ABPA), and has been important for industries in the sector. The higher consumption of this type of meat can be seen in the increase in pork slaughter in Brazil. The IBGE pointed out that since 1997 Brazil has not recorded 14 million heads slaughtered in a single quarter, as occurred in the months of April, May and June 2022. The number is 7.2% higher than that of the same period of 2021. The increase in slaughter has also occurred gradually since the beginning of the last decade. ABPA points out that in 2010, 3.237 million MT of pigs were slaughtered in the country, a number that jumped to 4.701 million MT in 2021.
Brazilian Pork Exports Reached 93.4 Thousand MT in November
In the pork sector, total exports (considering fresh and processed products) from the country reached 93.4 thousand MT in November, up 17.8% in annual variation, according to the Brazilian Association of Animal Protein (ABPA). In revenue, the advance was 35.1% in the same comparison, to USD 230.5 million, the data showed. China, the main destination for Brazilian pork exports, increased its purchases by 95% compared to the same period last year, with 42.8 thousand MT. The ABPA also highlighted Chile, which took second place for the first time as a destination for shipments from Brazil, with 7,700 MT, up 53%. “We have positive expectations about the closing of this year, and even more positive impacts are expected with the opening of the markets in Mexico and Canada, two of the largest importers of pork on the planet, which this year opened their doors to the Brazilian product”, said the director of markets at ABPA, Luís Rua, in a note.
Slaughter of Pigs Grows in the 3rd Quarter of 2022
Pork slaughter totaled 14.45 million head in the 3rd quarter of 2022, the best slaughter results for the months of July, August and September, providing the highest quarterly level of the historical series since the survey was started, in 1997. This represents an increase of 5.0% compared to the same quarter of the previous year and an increase of 2.4% compared to the 2nd quarter of 2022. The record exports registered in the period (288.55 thousand MT) contributed to the flow of production. The accumulated weight of carcasses registered 1.33 million MT in the 3rd quarter of 2022, which consisted of an increase of 4.3% compared to the 3rd quarter of 2021 and an increase of 1.8% compared to the immediately previous quarter.
Pig farming is another sector in which Paraná stands out, with the production of 831.4 thousand MT of meat produced between January and September, and the slaughter of 8,710,301 animals in the period. Brazil produced, in the three quarters, 3.9 million MT of pork, slaughtering 42,219,325 heads. The highest volume was in the third quarter, with the production of 285.6 thousand MT of pork and the slaughter of 2,984,627 animals between July and September. It is a small advance in relation to the second half of the year, when 282.5 thousand MT of meat were produced and 2,933,807 heads were slaughtered. In the first quarter, the State produced 263.1 MT and slaughtered 2,791,867 pigs. Santa Catarina continues to lead the sector, with the production of 1.1 million MT of meat, but the tendency is for Paraná to expand its participation in pig farming as of January 2023 inaugurated in Assis Chateaubriand, in the West region, the new Frimesa refrigerator, the largest in Latin America. The cooperative's forecast is to process 3,700 pigs per day in the first two years of operation and up to 15,000 heads per day when it is fully operational.
Brazilian Pork Exports Show New Decline in November
Data collected through the foreign trade statistics system, Comex Stat of the Ministry of Economy indicated a new setback in pork shipments in the penultimate month of the year. Total exports reached 91.6 thousand MT, representing a reduction of 5.5% over last October, but an increase of 18.2% over the volume shipped in November of last year. Earned revenue, in turn, reached 228 million, meaning a 2.9% decrease compared to last October, but an increase of 35.6% over the same period of 2021. In the first 11 months of the year, shipments reached 996.2 thousand MT, equivalent to a reduction of 2.8% over the same period of 2021, while revenue reached almost USD 2.288 billion, reflecting a drop of 5.4% on the same basis of comparison. The accumulated volume in the last twelve months, December 2021 to November 2022, reached 1.084 million MT, a volume 2.1% lower than that shipped in the same immediately previous period. Revenue reached almost USD 2.477 billion, pointing to a drop of 5% in the analysed period.
Brazilian Pork Values Fluctuate at the Beginning of the Month
At the beginning of December, pork prices placed on the independent market had been registering different movements among the regions monitored by Cepea, according to local conditions of supply and demand. As for Brazilian exports of pork, considering natural and industrialised products, they retreated in November, but were still above the volume shipped in the same month of 2021. According to data from the Secretary of Foreign Trade (Secex), 91,800MT of the protein were shipped, down 5.5% compared to October, however, 17.8% higher than the volume exported in November 2021. It should be noted that the quantity shipped in November is the lowest in five months.
The Average Daily Live Hog Price Remains Unchanged Over the Month
The pork market continued without showing greater dynamism with consumers during the week and, as a result, the other links in the negotiation chain did not show greater movements. What has supported the calm price with pig farmers are the adjusted availability of pork ready for slaughter. For the time being, the average daily price of live hogs remains the same as that received at the opening of the month, following the history of the last 12 years, which shows little possibility of evolution in the period. The details show that only in a few years there was an improvement. In the same period last year, there was a 6.8% decrease in barley sales. Although the follow-up carried out by Suisite indicates that the month of December has historically been weak, the current market is starting to signal the possibility of better deals in the short term. This is because slaughterhouses were more active in the market and, as a result, there is a great possibility that prices will advance in the closings for next week, a reality that will be known in the closings held this Friday and in the opening of next week.
Belgium
Belgium Is a Major Player in Small Indian Pig Market
Pork is culturally accepted and produced to a considerable extent in certain parts of India, but much less so in other parts of the country. Domestic production of pork amounted to 4,100MT in 2021, again slightly less than the year before by 0.5%. This contrasts sharply with the Belgian production of approximately 1 million MT and the 1.7 million MT in the Netherlands. Meat consumption in India is on the low side compared to other countries. But the growing purchasing power does translate into an increasing demand for animal proteins. The increased demand for pork is because it is a real niche product and Indian consumers are looking for novelties, indicated BMO spokesperson Liliane Driessen. The interest in pork is already greater than domestic production. India imported 766MT of high quality pork in 2021 to meet demand. The European Union is the main supplier with an export value of USD 3.09 million (2.9 million euros). Belgium is the front runner with an export value of USD 1.80 million (1.69 million euros). Demand in India is expected to grow at an annual rate of 12.5% over the next five years. BMO wants to maintain its current good position and fully exploit the growth potential in this market. That is why the organisation is working on an umbrella communication campaign for India, Vietnam and Taiwan.
Poland
On November 14-20, the purchase price of pigs for slaughter on the domestic market was USD 1.62/kg (PLN 7.13),1% higher than in the previous week, but 1% lower than a month ago. Following the increase in purchase prices, pork became more expensive. Meat processing plants sold pork half -carcasses for an average of USD 2.35/kg (PLN 10.31), 1% more expensive than a week earlier, but 3% cheaper than a month ago.
United Kingdom
November Deadweight Pig Prices in UK
Great Britain deadweight pig prices held steady in November with the EU-spec SPP averaging 200.30p/kg for the four weeks ending 3 December. The SPP hit a record high of 200.72p/kg in the week ending 19 November but then declined to stand at 199.74p/kg in the week ending 3 December, the first sub 200p/kg price since mid-September. It is reported that some volatility in volumes at abattoirs have caused disruption to contributions. The APP has followed a similar pattern, averaging 205.04p/kg for the four weeks ending 26 November, recording a record high price of 205.41p/kg in the week ending 19 November before easing.
Russia
In 2022, Pork Production Will Increase by at Least 300,000MT
This year, pork production in Russia has grown, and the pace has increased from quarter to quarter. In the first quarter the output of pig products increased by 5.8%, then in the second it amounted to 8.4%, and in the third went up 9.3%. Such data during the XIV International Scientific and Practical Conference “Pig Breeding-2022. Flexibility to challenges is the path to sustainability and development,” said Yury Kovalev, General Director of the National Union of Pig Breeders (NSS). At the end of the year, the NSS predicts an increase in the production of pig products by 8%, which is about 350 thousand MT in agricultural enterprises. “Taking into account the reduction in pork output in household plots by 50,000MT, an additional volume of 300,000MT of pork in live weight is guaranteed to the market,” Kovalev emphasised.
Russia Expects to Enter the Top 5 Pork Exporters in the World by 2030
Russia sets itself the goal of becoming one of the five largest pork exporters in the world by 2030. This was announced by Deputy Minister of Agriculture of the Russian Federation Andrey Razin during the XIV International Scientific and Practical Conference "Pig Breeding-2022". “We are starting to talk very seriously about increasing our export expansion. We are talking about the fact that the volume of our meat supplies to foreign markets should at least double over the next 5-7 years, and in general, by 2030 we set ourselves quite an ambitious goal to enter the top five exporters of pork meat," he said. It's an ambitious but achievable goal "because we've learned how to deal with big challenges," he said. At the same time, the achievement of the set goals is possible while ensuring the biosafety of pig breeding, primarily from African swine fever. “We can see by the numbers that we are gaining production volumes. There are very serious ambitions to enter foreign markets. But all this is possible only if we can ensure our biosafety in every enterprise, in every district, in every subject, in order to minimise uncontrollable risks that we have to face now," the deputy minister stressed.
Pork Production in Russia May Grow by 14% In Three Years, According to the Industry Union
The increase in pork production by agricultural enterprises of the Russian Federation by 2025 can reach 14%, which will amount to 755 thousand MT. This was announced by the Director General of the National Union of Pig Breeders Yuri Kovalev during the XIV International Scientific and Practical Conference "Pig Breeding-2022". In the materials for Kovalev's speech, it is noted that the volume of production in 2025 may amount to 6.035 million MT of pork. According to him, in 2023 the increase will be 8%, in 2024 it will be 5%, and in 2025 it will be1%. At the end of 2022, the increase will reach 8% with a pork production volume of 5.28 million MT. "By 2025, the growth in pork production due to the commissioning of new pig farms built on investment loans issued at the end of 2018 will stop," Kovalev said. He added that in the next three years, the share of the top 20 enterprises in the total output of agricultural enterprises will exceed 80%.
China
China Hog Futures Fall on Weak Consumption and Heavy Slaughter
China's most active live hog futures contract fell more than 3 per cent on Wednesday, the biggest decline since July, as spot prices came under pressure from weak consumption and heavy slaughter volumes. The January contract was down 3.05 per cent at (USD 2,908.71/MT (20,315 yuan) by 10:15 a.m. (0215 GMT). Average national hog prices were USD 3.22/kg (22.43 yuan) on Tuesday, according to Shanghai JC Intelligence (JCI) Co Ltd, and have declined 8 per cent so far this month. The market had expected a sharp drop in temperature this month to boost meat consumption, supporting pig prices, said Yuan Song, chief analyst at trading company Juxing Agriculture Group.
Jiaozuo City, Henan Province in China Launched the Release of Municipal Reserve Pork in December
In order to enrich the market supply in Jiaozuo City, stabilise consumption expectations, and meet the consumption needs of the masses. The reporter learned on December 5 that according to the national and provincial work requirements for ensuring supply and stabilising prices, Jiaozuo City launched the release of municipal reserve pork in December after research by the municipal government. The first batch of release time will be from December 6th to 9th, in principle. The price will be released at a price 20% lower than the market price, and the specific release price will be subject to the announcement of the release point.
The change in Chinese pork import volumes
Chinese pork imports (excluding offal) for the third quarter totaled 412,100MT swt, up 25,300mt swt (6.5%) from the second quarter. This represents a decline of 375,600MT (47.7%) compared to the third quarter of 2021. In the accumulated result for the year (January to September), China imported 1.2 million MT of pork, 1.8 million MT less than in the same period last year. The UK shipped 56,600 MT of this volume; however, the EU retains the bulk of Chinese trade, shipping 643,000MT. Volumes from all major exporting countries were considerably lower in 2022 than the last two years. As mentioned earlier in our latest China update, domestic pork prices have been rising since April. Since the beginning of September, 127,100MT of frozen pork stocks have been auctioned in an attempt to curb these rising prices. Despite this, domestic prices have continued to rise as China enters the peak of seasonal demand for pork and therefore imports are likely to increase towards the end of the year. The forecast for 2023 is for imports to grow as severe restrictions are eased and demand increases, although volumes are unlikely to match those of 2021. Reports estimate that total pork imports (including offal) will stabilise over the next two years at around 2 million MT. This would mean that China would be around 95% self-sufficient, achieving its food security target. Even so, China would continue to be the largest pork importer in the world.
Pork Prices in China Continue to Decline
Pork prices in China maintained the downward trend in the week of November 28 to December 2, amid the country's efforts to increase supply and stabilise pork prices. During this period, the average price of pork recorded by the Ministry of Agriculture and Rural Affairs stood at USD 4.10/kg (28.62 yuan), a WoW decrease of 3.6%. The price was 22.5% higher compared to the same period last year, but growth slowed by 3% points from the previous week. To maintain supply and price stability, Chinese authorities released seven batches of pork from central reserves to the market and urged local governments to increase the release of pork, according to the National Development and Reform Commission. The weekly average price for pork tracked by the government has been declining on a weekly basis since late October.
Czech Republic
African Swine Fever Outbreak in the Czech Republic After Almost Five Years
The Czech authorities immediately set up an observation area of 200 square kilometres. Entry into the forests is restricted and hunting is prohibited. The aim of the measures is, among other things, not to chase wild animals, in order to contain the spread of the pathogen more quickly. The Czech authorities are very concerned about the increasing number of cases of African swine fever (ASF) in Saxony, Germany, on the other side of the border. The Czech Republic itself has successfully combated and controlled ASF in recent years. At the end of June 2017, the virus was diagnosed in two wild boars from the Zlin region in the eastern Czech Republic. In mid-2019, the Czech Republic was declared free of ASF again. African swine fever is also emerging in Russia. On a farm near the border with Ukraine near Kiev, AVP has been established on a livestock farm with twenty thousand pigs.
Thailand
Swine Prices Are Expected to Stabilize
National Swine Farmers Association Live pig market situation report in front of the farm. The price of fattening pigs is USD 2.74- USD 2.92/kg (96-102 baht). As for piglets weighing 16 kg per pig, the price is USD 102.93 (3,600 baht, plus / minus 100).
Vietnam
Recorded at some supermarkets and markets in the province on December 7, the price of live pigs decreased by USD 0.043 (1,000 VND). The price of live pigs in Ba Ria - Vung Tau is currently priced at USD 2.26/kg (53,000 VND). Not only live hog prices decreased, the retail price of pigs at the markets also decreased accordingly. At traditional markets, the retail price of pork decreased by USD 0.085/kg (2,000 VND). Specifically, lean thighs USD 3.83/kg (90,000 VND); old ribs USD 4.26/kg (100,000 VND), bacon USD 4.68- USD 5.32/kg (110-125,000 VND), young ribs USD 7.45- USD 8.09/kg (175-190,000 VND). Meanwhile, Co.op Mart Vung Tau is having a pork price subsidy program from now until December 31, with a discount of up to 40%; Lotte Mart Vung Tau is also discounting some types of pork by up to 27% from now until December 25.
In Bac Giang, Hung Yen, Tuyen Quang, Thai Nguyen, Thai Binh, Vinh Phuc, and Hanoi provinces, the price of live hogs was purchased at USD 2.25/kg (53,000 VND). In Ninh Binh, Ha Nam, Nam Dinh, and Phu Tho provinces, live hog prices were at USD 2.21/kg (52,000 VND). In Yen Bai and Lao Cai provinces, live hog prices were lower than USD 2.17/kg (51,000VND). Thus, the price of live hog on December 11 in the North was fluctuating in the range of USD 2.17- USD 2.25/kg (51,000 - 53,000 VND). In the provinces of Quang Binh, Quang Tri, Hue, Quang Nam, Binh Dinh, Khanh Hoa, Ninh Thuan, live hog prices were at USD 2.25-2.30/kg (53,000 - 54,000 VND). In Thanh Hoa, Quang Ngai, Dak Lak, Gia Lai, Binh Thuan, Nghe An, Ha Tinh provinces, the price of live hogs was purchased at USD 2.17- USD 2.21/kg (51,000 - 52,000 VND). Thus, live hog price in the Central - Central Highlands was fluctuating in the range of USD 2.17- USD 2.30/kg (51,000 - 54,000 VN). In Ca Mau province, live hog prices were the highest in the country at USD 2.34/kg (55,000 VND). In Ho Chi Minh City, Binh Duong, Binh Phuoc, Tay Ninh, Ba Ria Vung Tau, Long An, Dong Thap, An Giang, Vinh Long, Can Tho, Hau Giang, Tien Giang, Tra Vinh, Soc Trang, Bac Lieu live pigs were sold at USD 2.21- USD 2.25/kg (52,000 - 53,000 VND). In Dong Nai, Ben Tre, and Kien Giang provinces, the price of live pigs was purchased at USD 2.17/kg (51,000 VND). Thus, the live hog price in the South ranges from USD 2.17-USD 2.34/kg (51,000 to 55,000 VND).
Argentina
Agreements Between Brazil and Argentina, to Export Pistachios and Import Pig Genetics
The Secretary of Agriculture, Livestock and Fisheries of the Nation, Juan José Bahillo, accompanied by the president of the National Agri Food Health and Quality Service (Senasa), Diana Guillén, on December 6 signed two protocols with representatives of the Ministry of Agriculture, Livestock and Supply (MAPA) of Brazil for the export of Argentine pistachios and for the transfer of pig genetics from the neighbouring country for reproduction in Argentina. "Congratulations to the work teams of both countries, attachés, officials, I know that they have worked intensely and in recent times we have made significant progress. These protocols are a great advance for strategic integration," said Bahillo. For his part, Guillén highlighted: "The protocols imply two extremely important issues; to summarise, in one case it is about technology transfer in regards to the pork chain and the other in the opening of a new market for one of our regional economies”, Cuyo in this case.
Ukraine
The Import of Pork in Ukraine Decreased by 4 Times in November
The arrival of fresh, chilled and frozen pork meat from abroad in November was the lowest for the entire year and even inferior to the March figure, analysts of the Association "Swinemakers of Ukraine" state: 1.16 thousand MT against 1.5 thousand MT at the beginning spring." The main reason for the weakening of import activity was the decrease in domestic prices for pork in November. In particular, according to the results of the month, the average price for pigs in slaughter conditions was USD 0.27/kg (UAH 10) lower than in October. So although the average price of an imported kilogram was slightly lower than a month earlier (USD 2.15 compared to USD 2.2 in October), the price of domestic pork was much more attractive," commented analysts of the Association of Pig Farmers of Ukraine. According to the results of 11 months, the import of pork amounted to 46.3 thousand MT, which is 27% more than external deliveries of pork for January-November 2021. Poland, Denmark, France and the Netherlands remain the main supplier countries.
Retail Pork Became More Affordable in November
Pork prices on supermarket shelves in November decreased by 4% compared to the previous month. According to the results of October, the analytical department of the Association "Swinemakers of Ukraine" declares that the price of chilled pork in the retail trade has decreased. According to the results of the monthly monitoring of national trade networks, during November, the average price of a kilogram of pork amounted to USD 4.83/kg (UAH 178.2). This is 4.1%, USD 0.21/kg (7.6 UAH) cheaper than in October, ASU analysts note. "At the beginning of the month, a kilogram of pork in retail chains cost USD 4.99/kg (UAH 184), and at the end of November and the beginning of December, its price was USD 0.27/kg (UAH 10) lower. At the same time, the price of non-seasonal collards decreased the most: from USD 5.83/kg (UAH 215.1) in the first week of November to USD 5.34/kg (UAH 197.1) at the end of the month. A little less price reduction affected loin, thigh and shoulder blade, which fell in price by USD 0.34- USD 0.41/kg (12.5-15 hryvnias) during November", noted in the analytical department of the ASU.