The selling price of pork shoulder in Hungary rose by 7.8 percent

Published 2024년 4월 9일

Tridge summary

In January 2024, Hungary witnessed a notable surge in its live pig export market, recording a 60 percent increase to 3.2 thousand tons, with Romania, Austria, and Albania being the primary export destinations. Concurrently, the country's live pig imports also grew by 5 percent, reaching 6.3 thousand tons, mainly from Slovakia, Croatia, Germany, and the Czech Republic. The international pork market for Hungary flourished, with a 34 percent rise in sales volume and a 38 percent increase in value, led by demand from Romania, Italy, and Croatia. Pork imports to Hungary saw a 14 percent volume increase and a 29 percent value increase. Despite these positive trends, the domestic producer price for slaughter pigs increased by 8 percent in March 2024 year-on-year, with mixed effects on processing sales prices for pork cuts, except for pork shoulder, which experienced a 7.8 percent price hike.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to KSH data, Hungary's live pig exports increased by 60 percent (3.2 thousand tons) in January 2024 compared to January 2023. The main partners were Romania, Austria and Albania. Imports of live pigs increased by 5 percent to 6.3 thousand tons, Slovakia, Croatia, Germany and the Czech Republic being the largest suppliers. (Photo: Pixabay) The quantity of pork sold on the international market increased by 34 percent (13 thousand tons), and its value increased by 38 percent during the observed period. Most of the pork was shipped to Romania, Italy and Croatia. The volume of pork imports increased by 14 percent (14 thousand tons), and its value was 29 percent higher. According to AKI PÁIR data, the producer price of domestically produced slaughter pigs, excluding VAT and transport costs, was HUF 860/kilogram of carcass hot weight in March 2024, an increase of 8 percent compared to the average price a year earlier. While ...
Source: Trademagazin

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