International

Brazilian average pig prices just jumped over the EU

Pork

Pig prices have rebound in Brazil, the US and Canada, while in the EU continue to fall.

Posted on Oct 15 ,07:05

Brazilian average pig prices just jumped over the EU

EU average pig prices continued to fall last week to reach a value of €146.1 in clear contrast with the other major international players. The average pig price in the EU is down 5% m-o-m and has lost 20.8% in value from the same period last year. ASF in Germany may have contributed to the situation but also this can be related to the coronavirus impact on foodservice sector.

1


Meantime, Brazilian average pig prices per 100kg carcase have surpassed the European quotation, reaching a value of €151. Also, prices have rebound in the US and Canada as China is looking to fill the gap left by Germany in this market (see chart below).

Screenshot_2020-10-15 Pigmeat_Dashboard pdf


"Last week the US sold 60,200 tonnes of pork, the highest amount this year and the highest since early 2019. We expect the closing of German exports to Asia due to ASF is giving underlying support. Last week China sales were 29,000 tonnes, the fifth-highest amount this year. We expect to see continued strong export sales over the coming months as Asian demand and loss of German pork pulls more sales to USA-Canada", commented Jim Long, CEO and President of Genesus Inc.

 

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

Turkey

Turkey increased poultry production at the end of Q1

Turkish chicken meat production increased by 24.1% in March compared with the previous month and ...


Read more Read more
Brazil

35% increase in Brazilian pork exports in April

In April, Brazilian pork exports have increased by 35.1% compared with the same month last year t...


Read more Read more
Vietnam

In 4 years, Vietnam intends to have 10-12 major pork producers

Vietnam is targeting export markets for the following years but the sector is far behind other co...


Read more Read more
Websolutions by Angular Software and SpiderClass