Pork prices are generally stable globally

Published 2023년 4월 17일

Tridge summary

Pork prices in Germany, Belgium, Austria, Denmark, Spain, Italy, and the US have been stable or slightly renewed, despite low offers and challenges in market revaluation and inflation. In Denmark, the fifth consecutive increase in the installment price is helping close the gap with other European references and boosting trade to third countries. However, a significant drop in slaughterings in Denmark and oversupply in China, along with sluggish demand, could impact the market recovery. In Spain, the high pork price is hindering competition, while in Italy, the coche market price surge and normal demand for seasonal products are contrasted by slower ham sales. In the US, pork prices are decreasing due to weak demand, but February exports experienced growth.

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

Original content

In Germany, the reference price was renewed for the third consecutive week at 2.33 euros, although the level of offers remained particularly low. The Easter weekend was the occasion for additional sales in the trade and the stores will now have to restock, but this remains insufficient to trigger increases in the price of pork in this complicated context of inflation and difficult market revaluation. meat. The situation is the same in Belgium where the internal market is calm and hopes for better conditions to increase sales of seasonal products. On the export side, sales to Eastern Europe are coming up against requests for lower prices. Despite the increased drop in offers and that of weights, the course was also renewed. In Austria, the reduction in activity linked to the Easter holidays did not cause the slightest delay in pick-up. Sales following the Easter holidays are calm and the market is therefore fairly balanced. The installment price published by Danis Crown in Denmark ...

Source: Pleinchamp