(AMI) - In recent weeks, there has been an almost unprecedented rise in the price of slaughter pigs in Germany. From the perspective of the producers this was more than overdue, but could last for months not worked economically. The main reasons given are the small supply and the brisk demand from China. The high import demand in China is likely to be due in particular to the African swine fever that is rampant there. The loss of production goes into the millions, the previously reliant on imports market is severely underserved. Accordingly, Chinese importers are now trying to meet demand through supplies from Europe (notably Germany and Spain) and the US. The prices for slaughter pigs attracted also in the USA and China, the price increase has used there even earlier than with us. At the end of March, European suppliers were therefore unrivaled in their favor. At the same time, the repeated price increases have made European pork a little less attractive to shoppers, but not least due to the trade war between China and the US, the price is likely to remain competitive.Nevertheless, reports have recently been received that Chinese importers are no longer prepared to accept even higher prices. This led not insignificantly to the fact that the recent price increase was very moderate.
ZMP Live Expert Opinion
The brisk demand for German pork from China has allowed growers unusually significant price increases in recent weeks. The declines in production in China and the large price difference to Germany were supportive here. However, the price gap has shrunk significantly in recent weeks, many buyers are no longer willing to accept additional surcharges. In addition, since several days of slaughtering will disappear in the next three weeks, it is now only possible to assume a stable price.
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