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EU: Lower pig production and pigmeat exports anticipated

Low numbers of slaughtered pigs on the EU market continue supporting high pig prices while EU demand stays high.

In the first quarter of 2023, EU pigmeat production went down 7.7%, supporting high pig prices. In June, EU producer prices were at a historically high level (+30% compared to June 2022, +21% since January 2023).

The per capita consumption of pigmeat in the EU could decline by 4.5 % and be around 30.4 kg in 2023.

EU exports to China are expected to further decrease and the EU continues losing market share to the US, and Brazil (among others) due to high prices. Overall, EU exports have been revised downwards to 12% (-3% estimated previously).

Despite a revised production (-5.5%), and because of lower exports, EU domestic use drop could be slightly higher than expected.

July 14, 2023/ European Commission/ European Union.
https://agriculture.ec.europa.eu

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