(AMI) - Trade with China currently offers unusually strong impulses for the German meat industry. Due to the rampant African swine fever, the import requirement is immense, German producers can benefit from it. By September, German suppliers delivered 387,000 tonnes of pork to the country. Compared to the same period in 2018, this is an increase of around 50%. Moreover, there is no end in sight for this development; on the contrary, deliveries even seem to be increasing. In the meantime, China no longer only purchases the classic by-products or greases. Rather, more and more precious or half pork find their destination there. Apart from China, foreign trade in pork has stagnated so far. The total volume of 2.12 million t was almost exactly at the same level as in the previous year. Due to the overall decreasing production of pork, however, there are generally no larger quantities available for transport. In particular, intra-European trade has declined recently. In the past year, deliveries were still at 1.5 million t by September, and in 2019 only 1.4 million t of pork were delivered to EU countries.Declines are recorded for almost all countries.
ZMP Live Expert Opinion
A decline in China's enormous import demand is not yet apparent at the end of November. Actually, delivery volumes are likely to decline in the coming weeks, as it is reported that there are hardly any deliveries to China in December. However, nothing seems impossible this year, even the price weakness between the years is by no means certain. On the contrary, exports should continue to flourish in the coming months, permitting continued high prices for generics.
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