Sharp drop in prices!
Pig prices in the European markets deteriorated significantly last week. The German market was the only one to hold out.
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Pig prices in the European markets deteriorated significantly last week. The German market was the only one to hold out.
The total amount of pork imported during the first 9 months of this year has reached 3,280,000 t.
Through the first three quarters of the year, United States pork exports were 16% ahead of last year’s record pace in both volume and value according to USMEF.
Portugal continues to expand its swine sector driven by increasing foreign demand, mainly from Asia. Portuguese live swine exports to Spain have boomed due to tight Spanish hog supplies.
Tariffs on pork will be cut from 12.5% to 0%.
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).
China has purchased over $23 billion in agricultural products, approximately 71% of its target under the Phase One Agreement.
Tariffs on pork to be gradually reduced to 0%.
Between January and September 2020 exports of Argentine pork products and by-products have increased by 63%, with China being the main destination.
Spanish producers should make it a priority to be more efficient and should realize that growth cannot continue indefinitely.
Despite COVID-19 and uncertainties related to Brexit, EU27 agri-food trade continued to grow in the first six months of 2020, the net trade balance boosted by continued strong exports of pig meat.
Global pork production forecast to be higher in 2021 due to recovery from both ASF and COVID-19. Demand from China to fall 6% and US production expected to be up slightly.
The latest short-term outlook report for EU agricultural markets, by the European Commission, presents trends and prospects for cereals, oilseeds, and pigmeat.