EU: Pork prices increase in the north, stability in the south

Published 2022년 12월 1일

Tridge summary

Northern European markets have seen a surge in pork prices due to a supply-demand imbalance and renewed demand from the processing sector. Countries such as Germany, Austria, Netherlands, Denmark, and Belgium have experienced a sharp decrease in pig production, leading to increased prices for pigs, coaches, and piglets. The situation is particularly marked in Germany, where prices are stable except for shoulders and tenderloins, and is further driven by Christmas holiday-related business. In southern Europe, prices are stabilizing, although supplies are still falling short of demand. In the US, pork prices are following a seasonal trend but remain 20% higher than last year. In China, pork prices are still falling.

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

Original content

A reversal of the situation took place on the European markets, more precisely in northern Europe where increases in pork prices were recorded: Germany + 5 cents, Austria + 5 cents, Netherlands + 6 cents, Denmark + 2 cents, Belgium + 4 cents per live kilo. These increases in pork prices come against a backdrop of renewed demand, particularly from the processing sector, which is booming to fulfill orders linked to the end-of-year celebrations. The supply-demand imbalance is all the more marked as these countries have seen their pig production drop sharply for months. In Germany, the market situation is improving markedly with the resumption of business related to the Christmas holidays. Slaughter postponements resulting from public holidays have disappeared and the available offers are sometimes even limited. In the processing sector, sausage production is on the rise. The Christmas markets, which can again take place, stimulate the trade of this type of product. Prices are mostly ...

Source: Pleinchamp