The price rise in the pig market in EU countries

Published 2021년 3월 9일

Tridge summary

EU pig prices have increased due to a decrease in supplies, with Germany seeing a 10 cent rise this week. The export situation is improving, with Vietnam recognizing Germany's regionalization, allowing for exports to begin. Singapore and Thailand have also agreed to regionalization of export certificates. In Denmark and Belgium, prices are expected to rise next week due to falling supply. In Spain, exports to China have been reactivated. In the US, prices continue to improve, with a 50% increase compared to the same date a year ago. In China, fall in prices continues due to census reconstruction, with a varied prediction for when normal levels will be reached. Meat imports are expected to decrease by 10-30% in 2021 due to increased national production.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pig prices in the EU markets have risen again due to the decline in supplies. In Germany, the slaughter of pigs is gaining pace, which together with a decrease in slaughter weights (-1.7 kg / carcass since the beginning of the year) has eased the tension in the market. The price has risen 10 cents this week and 21 cents in the last 3 weeks. Furthermore, the export situation seems to be beginning to resolve itself. Germany has managed to get Vietnam (its fifth best market before the ASF) to recognize the regionalization of the country, which is why the first exports to the Vietnamese market have already begun, mainly of offal. Singapore also agreed to regionalization of export certificates at the end of February. Thailand has not extended the export ban on German pork. In addition, negotiations continue with Central American countries. In Denmark, the price has repeated this week, but the price forecast for the next week foresees a rise of 6 cents, once the supply has taken on ...

Source: Agrodigital