Tridge summary
The European Union is currently facing a notable surge in pig carcass prices, which have risen to €218 per 100 kilos, 23% above the average of the past five years, due to a significant reduction in pork production and pig numbers. The EU's pork production has fallen by 6.7% in 2023, leading to a 7.3% decrease in pig numbers, the lowest in a decade, with all member states affected, especially Denmark which saw a 20% drop. This decline in production, coupled with a 20.2% decrease in pork exports to third countries, totaling 4.2 million tonnes, has brought EU's export volumes back to levels seen ten years ago. Despite these challenges, the EU continues to be a major player in the global pork market, even though its carcass prices are now higher than those of other leading exporters like the United States and Canada.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The average carcass price for pigs in the European Union (EU) is 23% above the past five-year average. In week ten this year, the selling price was €218 per 100 kilos of carcass weight, the European Commission writes in an overview of the pig market. The tight supply is reflected in the price development. The volume is just enough to meet demand, the analysis states. Fewer pigs According to EU figures, pork production shrank 6.7% in 2023. In terms of pig numbers, production shrank 7.3% last year, compared to 2022. In numbers, the production decline amounts to 17.3 million pigs in 2023. In all EU member states' pig production will shrink in 2023, but most significantly in Denmark, - 20%. The Member States together produced 20.6 million tonnes of pork. This resulted in 220 million pigs being hooked. Production is at its lowest level in ten years. Export decline Pork exports from the EU to third countries are also shrinking sharply. In 2023, 4.2 million tonnes of pork were shipped by ...
Source: Boerderij
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