Pinch me, I must be dreaming
As we close an exceptional year in the pork industry, Spanish's analyst Guillem Burset analyzes the current situation and clues us in to how next year may be.
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As we close an exceptional year in the pork industry, Spanish's analyst Guillem Burset analyzes the current situation and clues us in to how next year may be.
Overwhelming euphoria should not blind us or cloud our senses: What will happen when China returns to self-sufficiency?
The high baseline demand of China on the pork side, due to ASF, will hide how plant-based meats creep up on traditional meat product demand.
Production reaps an ample harvest of profits while processing continues to accumulate losses. China imports more and more...
The pig price in China has grown by 27.5% in 4 weeks from an already record price.
China has been buying great volumes of pork cuts in all Europe for a few weeks. The pig price in China has shown a spectacular rise.
A hard Brexit would mean a fall of EU pork exports to the UK of 48%, a fall on pig prices of 7% and a total of 33,000 job losses in the European meat industry.
China is still buying, but with a great moderation. Either way, the pig price in Spain will still grow. In late May 2019 it exceeds €1.41, and summer has not started yet.
The price of pork in Spain has risen 32% in twelve weeks. Increase in demand from China and the opening of a new slaughterhouse suggest further rises.
"When you want to test the depths of a stream, don't use both feet"
Guillem Burset foresees a very profitable 2019, but not for all the actors in the Spanish pig sector.
The relationship between the farmer and the abattoir, daily and passionate most of the time, ends up creating a bond. Its quality will, undoubtedly, be put to the test in Spain.
Pork supply, pork consumption and purchasing power in China, US and China trade war and globalism are some of the balls in play and many more are to come.
Spain is the leading supplier of pork for France, with more than 315,000 tonnes per year.
The cornerstone of the Spanish pig sector is the extreme efficiency of its abattoirs and cutting rooms.
Ending the year with a price similar to that of the cost price and with a more than significant growth in production can only be considered as excellent.