The export and import of live pigs in Hungary also decreased

Published 2022년 7월 21일

Tridge summary

The Hungarian pig sector is experiencing a significant downturn, with a decrease in both imports and exports of live pigs and a sharp increase in pork imports, leading to a rise in pork prices, which have increased by nearly 25% for the shoulder and over 45% for the loin in just one year. The high cost of feed, weather conditions, the Russian-Ukrainian conflict, and a drop in energy prices are contributing to the sector's challenges. The average production cost of a fattening animal has doubled in a year, and the sector is further troubled by the bankruptcy of one of Hungary's largest pork processors and a suicide in a major pork company. The European Union's pork exports have also seen a 29% decrease, with China being the main market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The situation in the Hungarian pig sector is getting more and more serious, in the first four months of 2022 both the export and import of live pigs decreased significantly compared to the same period of the previous year, reports agrarszektor.hu. The export of pork did not change significantly in terms of volume, but a serious increase in value was observed. However, experts from the Agricultural Economics Institute (AKI) registered a huge increase in the import of pork, both in terms of quantity and value. The price of pork - except for the pork leg affected by the price cap - is constantly rising, with an increase of nearly 25 percent for the shoulder and more than 45 percent for the loin in July 2022 compared to the same period of the previous year. In addition to the known effects and processes, the domestic pork sector was shaken by unexpected events: a bankruptcy filing and a death in recent days. Pig prices are expected to rise further. According to KSH data, Hungary's ...
Source: Trademagazin

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