Retail prices for pork products may increase in Poland

Published 2023년 2월 25일

Tridge summary

The European pig market is experiencing a surge in purchase prices due to limited livestock supply, with Poland seeing a record high average purchase price of pigs in mid-February 2023 at PLN 8.29/kg, a 13% increase from the previous year. This is attributed to a decrease in the number of pigs in Poland and sustained demand from meat plants. However, the profitability of pig production in the EU is being challenged by rising energy and labor costs, which have led some breeders to reduce or halt production. Despite stable or decreasing feed costs due to the grain market situation, high energy and labor costs continue to pose a threat to profitability.

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

Original content

In February 2023, increases in purchase prices are observed on the European pig market, which are mainly due to the limited supply of livestock, Dr. Magdalena Kowalewska told PAP. She informed that already in 2022 it was possible to observe a dynamic increase in livestock prices on the domestic market. At the turn of 2022/2023, these trends were temporarily reversed, but since February they have returned to an upward trend. - According to data from the Ministry of Agriculture and Rural Development, the average purchase price of pigs in Poland in mid-February 2023 was PLN 8.29 / kg, i.e. 13 percent more than in the previous year. more than a month ago and by 99 percent. more than in the same period last year. This is a record high price level that has not been recorded so far, Kowalewska said. Referring to the data of the Central Statistical Office, she pointed out that in December 2022, the number of pigs in Poland amounted to 9.6 million, which means a decrease of 6%. y/y - At ...

Source: Farmer.pl