EU pork exports recorded an increase in volume in July
Duncan Wyatt, Lead Analyst at UK's Agriculture & Horticulture Development Board, said that, however, the EU pork exports fell in value by 9% year-on-year to €359 million due to a drop of 14% in export prices across the region.
The EU reported a decrease in its pork shipments to China by 5% year-over-year in July. Wyatt said that although there was a brief upturn in June, exports to China are returning to the recent trend of decline.
Exports to EU's leading export market by value, Japan, declined by 7% year-on-year in July due to falling export prices but remained stable in volume at 27,000 tonnes. Pork shipments to Hong Kong also fell by 44% (4,500 tonnes) on the year.
Wyatt added that the export growth in July was based substantially on the export to South Korea, the Philippines and notably Ukraine, which imported an additional 15%, 24% and 400% respectively. Exports to Ukraine have grown significantly over the past year to 3,700 tonnes in July, making it the eighth largest destination for EU pork in the month.
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