Strong global tensions resulting in significant pork price drops in northern Europe

Published 2024년 1월 22일

Tridge summary

Pork supply markets, especially in northern Europe, are facing pressure due to excess supply and insufficient trade, leading to reduced prices in Denmark, the Netherlands, Germany, and Belgium. Protests in Germany over reduced agricultural subsidies have further slowed pig trade. In contrast, Spain is experiencing strong demand from slaughterhouses, potentially exceeding supply, while Italy is grappling with falling prices due to oversupply. In the US, pork prices are rising due to weather-related supply disruptions. As the Chinese New Year approaches, China's pork prices are showing signs of recovery. Holidays generally ensure ample pork supply, preventing price pressure, but often result in many pigs left without bids. Specifically, in the Uniporc zone, 361,928 pigs were slaughtered in the second week of a 5-day activity period.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pressure is increasing on supply markets, particularly in northern Europe, due to excess supply that is difficult to reduce due to lack of sufficient trade. Already, during the second week of 2024, Denmark had reduced its deposit price, as trade was disrupted by bad weather conditions. In the Netherlands, the Vion slaughterhouse had lowered its price by 6 cents in a context of extremely calm demand for meat. Last week, the downward trend extended to Germany as well as Belgium, where the price had already recorded a decline at the very start of 2024. The Danish advance price records a further fall of 6 cents for the beginning of the week. Austria also announces a decline of 7 cents in the German movement. In Germany, a protest movement led by farmers who oppose the reduction of agricultural subsidies has somewhat slowed down the pig trade and surpluses have added to delays linked to end-of-year holidays. On the other hand, VION's announcement of the closure of certain sites in ...
Source: Pleinchamp

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