France exports 30% of its pork production
France exports more than 30% of the pork produced thanks to increased demand from China, according to the latest market report from Genesus. "French production, of which one-third of this production is exported, benefited from China's massive imports both in terms of volume and value, especially in the last quarter," stated in the report Philippe Malletroit, Director for France, Genesus Inc.
Compared to November last year, prices have jumped by 43% leading to an increase in slaughtered pigs in France. "Last week, the slaughtering in Uniporc-Ouest area (west of France area, where the main production is located) reached their highest level for 2019 with 395,894 pigs slaughtered for an average carcass weight of 96.35 kg (212.35 lbs), an increase of 0.83 kg (1.83 lbs) compare to the previous week," commented Mr. Malletroit. Prices have jumped quickly since September" with 1.701 € per kg (85.30¢ US/ lb) dressed carcass. Adding premiums, french producers got an average price of 1.83 € per kg (92.10¢ US/ lb) per dressed carcass. Even if since October 14th, market price has lost 1.9 cents per kg (1.681 €/kg), this has allowed the prices to remain at a level rarely seen this period of the year," says the report.
However, it is not clear if France can keep up with foreign demand for next year as weaners and feeder piglets are becoming more expensive. The price for a 8 kg piglet is €31.58, up by 32% compared to January, while a 25 kg piglet is worth more than €50. 20 French companies are allowed to sell pork, poultry and beef in China and a protocol for the export of swine semen has also been signed recently.
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