Netherlands: Rising consumer pork prices despite falling industry and farm prices

Other Frozen Pork Cuts
Market & Price Trends
Published Feb 26, 2024

Tridge summary

Despite a decrease in industrial and farm gate prices in the second half of 2023, the consumer price of pork has been rising, reaching 140 points in November, a 3% increase from September and from the previous year. This rise in price has been exacerbated by the war in Ukraine. The overall pork production in the European Union has declined over the past two years due to high feed prices, African swine fever outbreaks, and increased welfare requirements. However, with the recent drop in feed prices and increase in selling prices, pig farms are now profitable again.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The price of pork in stores has been on a slight upward trend in recent months and reached 140 points in November, an increase of 3% compared to September and 3% higher than last year in November. The industrial price and farm gate price have actually fallen in recent months, by 5 and 6% respectively. Price development Despite a reduction in the industrial price and farm gate price in the second half of 2023, the consumer price remains at a high level, with an increasing trend in the last months of the year. The consumer price index of pork has skyrocketed since the start of the war in Ukraine to between 135 and 140 points, rising from a level of 116 points in January 2022. In November, the consumer price index exceeded the 140 points. This continued increase is not in line with the declining purchasing price for retail. This is now often the case: the retail price for pork has its own dynamics. The indices of industrial and farm gate prices have been declining since July 2023, ...
Source: NLvarkens
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