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Pork prices rose in the UK but fell in the EU

Published Sep 24, 2023

Tridge summary

Pork prices in the EU have been decreasing since reaching a record high in July due to reduced demand and oversupply in some countries. The UK pork prices have increased, widening the price difference between the EU and UK. The decline in pork prices in the EU could lead to increased competitiveness in exports and may attract more import demand.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pork prices in the EU since reaching a record high of 215.47 cents/kg in the last week of July 2023, have continuously decreased, falling more than 12 cents/kg in four weeks. Ms. Freya Shuttleworth - AHDB expert said: Pig slaughter in the EU is still at a low level, proving that the price drop is mainly due to reduced demand. Some countries in the EU have had oversupply due to summer weather. Hot weather has limited BBQ meat consumption. Rising UK pork prices have increased the price of exported products, which has resulted in the difference between EU and UK prices increasing to 19.5p/kg in the week ending 20 August 2023. , compared with just 6 cents/kg in the week ending July 23, 2023. The rate of decline is mixed across the region. Belgium, France, Germany and the Netherlands all fell by 10–15 cents/kg in the four weeks ending August 20, 2023. Spain's decline was milder, down only about 8 cents/kg over the past four weeks. The largest price decrease was recorded in Poland, ...
Source: Vinanet
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