The planned restructuring of the European pig sector

Published 2023년 3월 14일

Tridge summary

EU pig farmers are facing challenges such as high feed and energy prices, environmental regulations, African Swine Fever outbreaks, and reduced pork demand from China, leading to a reduction in operations and a record drop in the total hog herd and breeding stock in 2022. These factors have resulted in a projected decline in pork production and exports for 2023. Domestic consumption is also decreasing, particularly in Germany, and alternative markets in Asia cannot make up for the loss in sales to China. As a result, the sector is expected to undergo restructuring with a decrease in the supply of pigs for slaughter, leading to a reduced pork production of 21.75 million MT and exports of 3.75 million MT in 2023, a significant drop from 2022.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

High feed and energy prices and environmental restrictions are putting pressure on pig farmers in the European Union (EU), leading to a reduction in operations. Additional factors facing production are the outbreaks of African Swine Fever in Central Europe and reduced pork demand from China. With falling sales to China, EU exporters have diversified their export destinations. However, these alternative markets, mainly Asia, cannot compensate for the reduction in sales to China. Furthermore, domestic consumption is decreasing, particularly in Germany. All these negative factors in the market, together, led to a record drop in the total hog herd and also in the breeding stock in 2022. With a lower breeding herd, the supply of pigs for slaughter will inevitably decrease this year. Less availability of animals for slaughter will also stimulate the restructuring of the sector. In ...
Source: 3tres3

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