EU pork exports are down by a quarter

Pork exporters in the European Union were able to sell noticeably fewer goods on the world market in the first half of 2022 than in the same period of the previous year and also had to accept significant losses in revenue. As can be seen from preliminary data from the EU Commission, the export volume including by-products fell by 733,150 t or 24.8% to 2.22 million t compared to January to June 2021. This does not yet include the slight increase in trade with the United Kingdom so far this year, as complete data for June is not yet available. At €5.07 billion, sales revenue from third-country business, excluding Great Britain, was €1.57 billion or 23.7% lower than in the first six months of 2021. Despite the weak result, this was the case in terms of volume and value third-best half-year result ever. The drop in exports resulted almost exclusively from reluctance to buy in China and Hong Kong. Low need for imports in China The amount of pork exported to the People's Republic ...