(AMI) - In recent weeks, China's huge import demand for pork has revived the German market, and prices went through the roof at times. However, the stores have only slowly gained momentum after the Chinese New Year in early February. It was not until March that demand was so fast that German exports were barely enough. Accordingly, these developments are not yet apparent in the latest figures. Accordingly, pork exports in the first two months of this year were roughly at the level of the previous year. However, regardless of recent developments, China has been one of Germany's most important trading partners in recent months and years. By February, about 70,000 tons of German pork landed in the country of the middle, which corresponds to a share of about 15%. Although most exports in the EU continue to pursue their objective of steadily increasing the share of third country exports, they are primarily due to China. At the same time, volumes within the EU continued to decline. Exports of pork destined for the Netherlands and Poland were sharply reduced. While pork demand in the EU is stagnating, overall production is on the rise.Especially the competition from Spain, where production continues to increase, is noticeable in German exports. With a share of 13% of all exports, Italy remains the most important buyer of German pork.
ZMP Live Expert Opinion
During the short weeks, the trade in slaughter pigs in Germany is more balanced. At the same time, trade with China has also lost some of its momentum, at least for the time being. Nevertheless, the price should continue to rise in the coming weeks. The supply of slaughtered animals remains small, the foreign trade and the warm temperatures provide impulses.
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