Guillem Burset

The pig price in Spain is the most expensive in Europe and Burset predicts that it is very close to the upper limit. China is decreasing imports, buying at cheaper prices, and therefore, is absent in the Spanish market.

Pig market: Unbridled in Spain, unsettled in Europe, and with question marks in China. Pork market: rock bottom in Europe.

In this recorded webinar, Spanish analyst Guillem Burset talks about pork consumer trends based on a questionnaire he sent to 200 directors of meat plants, processors, industries, and other significant operators.

The price of pork continues to rise and Burset makes a prediction for June. It all seems to be good news for producers and slaughterhouses but the processing industry is in for a storm.

It seems that the deficit in China will last all year and the flow of exports from Spain to this large Asian country will not let up...

Analyst Guillem Burset reviews the current situation of the main European pig markets. Spain stands out against the current. Will it be able to hold out?

It must be acknowledged that for Spanish swine industry not only has not been a bad year but it rather has been an excellent year.

In view of the unprecedented time we are living in, we are publishing this monthly commentary a few days early.

How the pig prices are negotiated in Spain's reference market? Mercolleida represents the market with the highest pig slaughtering activity within the European Union.

The price of pork in Spain is the highest in Europe, both currently and in terms of the average so far this year (although the downward trend observed is irreversible in the short-term and will continue).

In less than 48 hours German exports halted, so every week about 9,000 extra tonnes of pork need to be sold within the EU.

Spanish slaughterhouses are demonstrating extraordinary resilience. Pig prices in Spain are grossly higher than in any of the competing European countries.

For most of the month, our price in Spain has been 25 cents higher than in Holland and about 20 cents higher than Germany. What is the key?

Although the price of pork in Germany remains frozen, in Spain it continues to rise and is already three times higher than the United States...

It seems that we have already hit the price bottom, although no one is ruling out the possibility of COVID-19 infections reappearing. We will worry in due time, not now, about what may happen when China regains its self-sufficiency.

A 10% cumulative drop in the price of pork in Spain seems mild, very mild indeed for what is to come. Hold on tight, there are curves coming...