FAO Meat Price Index: pig meat price quotations continued to rise
The FAO Meat Price Index was up marginally in May as pig meat price quotations continued to rise amid strong import demand from East Asia.
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The FAO Meat Price Index was up marginally in May as pig meat price quotations continued to rise amid strong import demand from East Asia.
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.
In March, price quotations for pig received some support from a surge in import demand, especially from China.
The rise in pork price is being so intense and important that the processing sector will have to make a superhuman effort and transfer the rises in price to the final product as soon as possible.
The current situation in China has many similarities to the old-time hog cycle liquidation phase.
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.
The cornerstone of the Spanish pig sector is the extreme efficiency of its abattoirs and cutting rooms.
Dennis DiPietre is increasingly convinced that 2019 is setting up to be the year of the great pork price mirage.