Pork prices: Stability in northern Europe, first drops in Spain and France

Published 2022년 10월 17일

Tridge summary

The European pork market is experiencing pressure from slaughterhouses, leading to concerns about house prices or reduced activity. Despite a decrease in offers in Germany, demand remains steady and no price increases are expected due to inflation. Many northern European countries, including Belgium and Austria, are experiencing similar trends. In Spain, pork prices have slightly decreased due to insufficient offers, while in Italy, pork prices are rising due to low supply. In the United States, pork prices are decreasing as supply increases and high meat prices dampen demand. In China, pork prices are rising, and the government plans to release more pork from reserves to maintain price stability. A USDA and CME Group report predicts a 1% increase in global pork production to 111 MT in 2023, with China's production expected to increase by 2%. However, pork exports are predicted to decrease by 1.6% to 10.5 MT due to lower expected import levels in various countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The situation is tense on the European pork markets because even if course renewals are posted in northern Europe, pressure from slaughterhouses is constant and could result in house prices or reductions in activity. In Germany, after a week of reduced activity due to the October 3 public holiday, offers are up, although lower than in previous years. Demand seems correct, but on the meat market, no further revaluation of parts seems possible because of inflation, which is a brake on consumption, even though all sectors of the pork industry, downstream and upstream, need to consolidate their margins to cover production costs which will necessarily increase further this winter, particularly with the rise in the cost of energy. Many northern European countries have aligned themselves with the German trend, as in Belgium or Austria, with the same findings: low offers compared to previous years but sufficient for sluggish demand from very cautious buyers. in the face of very uncertain ...
Source: Pleinchamp

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