Netherlands: Price crisis in pig market is hard blow for sector

Published 2021년 9월 21일

Tridge summary

The article outlines the financial success of a meat group in 2020, largely due to meat sales in China, but notes a significant change in 2021 with falling meat prices and challenges such as the revocation of export licenses to China and the impact of the coronavirus on meat consumption in Europe. The company is working to prop up pig prices by slaughtering less and freezing more, but sees further pressure with high costs for container transport and large stocks in the market. The situation is part of a larger issue of overproduction and strict measures in the Chinese meat industry, leading to fewer sales opportunities for European meat companies.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The meat group was still able to refute excellent annual figures for 2020. This year, he says, the flag is very different. "While we are doing our best to prop up the pig price, we are seeing meat prices fall." 2020 was a good year financially, according to the annual figures. How do you look back on that?" That was largely due to the meat sales in China, we need not make a secret of that. In that respect, 2019 and 2020 were a gift for the pig farming sector and also for meat companies. Blokland Cold Stores had extra freezing capacity, we were able to respond well to the sales opportunities in Asia, but sales opportunities have unfortunately deteriorated considerably since this spring." Can you speak of a difference of day and night?"In our situation you could indeed speak of a difference of day and night. Unfortunately, since February we can no longer export to China, due to the license that has been revoked. This means that we We were also unable to sell the by-products there. ...

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