China needs more pork imports
The Chinese pork production by 2015 remains behind the previous year back. The reduced numbers of sows to more than 9% since the previous year make presence felt in missing battle. Last year the Chinese pig farming proved uneconomical, so many pig farmers have given up. Of many backyard attitudes have risen permanently.
In the meantime Chinese pork prices are up again over €3.30 per kg has risen. But a reconstruction of the sows stocks takes time.
The demand for pork in China is estimated are still above the height of + 1%. However slow high prices and a weaker income growth the consumption increase a. Nevertheless remains a rising import gap.
The import statistics for the first half of 2015 shows already a significant increase. Thereby increasing amounts from the EU will have introduced, significantly declined while imports from North America. The reason is the relatively high U.S. prices that is uncompetitive as a result of the strong dollar against the European range with low euro rate.
The main suppliers in the EU are Germany with a total of about 150,000 t followed by Denmark with about 100,000 t and Spain with 95,000 t. Only then, the Netherlands and France follow with the 45,000 t.
About 135,000 t comes from North America from the United States and 40,000 t from Canada. The rest is distributed over a variety of smaller exporting countries the focus of imports is the less valuable parts of the pig. The usual export proceeds of the EU in China exports lies between 1.30 and €1.50 / kg. The amounts from superficially look like much, but the export value remains modest. Even if more volume will be exported to China, export revenues insufficient by far, fundamentally discontinue domestic prices from the low price level upwards.
The expectations for the second half of 2015 going in the same direction.
