Forecast: A seasonal rise in pork prices is expected

Published 2024년 11월 14일

Tridge summary

The Association of Pig Breeders in Bulgaria announced the current purchase price of fattened pigs, which is between 3.20 to 3.30 BGN/t without VAT, a price that reflects the current production costs. They predict that pork production in Bulgaria will reach between 80,000 to 82,000 tons by the end of 2024, with a slight increase in purchase price expected due to seasonal demand. However, concerns about potential increases in feed raw material prices loom. The U.S. Department of Agriculture in Kyiv forecasts a decrease in Ukrainian grain exports in the 2024/25 marketing year due to smaller harvests and Black Sea shipping issues. Europe is experiencing a reduction in pig production due to environmental requirements, with most countries reducing herds to self-sufficiency levels. Bulgaria exports about 7,000 tons of pork annually, mainly to Greece and Romania. Additionally, Bulgaria has reported 80 out of 200 cases of African Swine Fever (ASF) in wild pigs, with the virus more active in forests in autumn and winter, and in industrial farms in spring and summer.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The purchase price of fattened pigs (live weight) in the country is from 3.20 to 3.30 BGN/t without VAT, as it reflects the current economic realities and covers the production costs, according to the data of the Association of Pig Breeders in Bulgaria. "Due to the increased demand towards the end of the year, the purchase price of pigs is likely to increase slightly, but these are seasonal changes that are within the normal range. It is expected that by the end of 2024, the pork produced in our country will be between 80,000 and 82,000 tons," predicted Dimitar Mihailov, executive director of the Association of Pig Breeders in Bulgaria. For the moment, this is the ceiling of Bulgarian pig production. From his words, it is clear that at the end of last year and at the beginning of this year, a slight expansion of production was recorded. So far, there are no closures of pig farms in our country. Taking into account economic realities, international markets, weather conditions, the ...
Source: Agri

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