EU pork third country exports (Jan-May 14): Russia - 82%, but South Korea + 89%
In the first five months of the year 2014, the EU as a whole has performed 106.911 t or - 8.6% less pork. Thereby reducing exports in some regions with more exports to other regions offset however each other themselves.
The biggest decline is accounted for the group the combined small importers-220. 000 t. Including, recently, Russia coincides with a reduction in import of nearly 90,000 t - 82% compared to the same period last year. It should be noted that the month of Jan. 14 not yet by the import lock was affected. Also exports to the Ukraine with 29% or 45,000 tonnes are in decline.
Import increases of EU deliveries are especially in Japan with + 43% and 58,000 tons, South Korea-89%, 70,000 t and Philippines respectively with + 58,000 t or 78% has been achieved.
China's pork imports have been declining at-4%. Import increases Hong Kong with + 7 have compensated just total % but a smaller volume.
It expects the development to the year 2014, the EU will reach just 2.72 million tonnes of pork exports on a product basis. Compared to the previous year, the EU loses around 400,000 tonnes, equivalent to about two-thirds of previous exports towards Russia.
Missing exports put prices under pressure despite partial compensation in a trade surplus country. In the average of the previous year history, one can estimate the price reduction to about 0.10 to €0.15 / kg. Particularly pronounced price pressure emerges then, if – as in recent times mid-July - the domestic sales due to vacation/holiday and bad weather machine ground to a halt.
The positive current exports to the Asian countries Japan, South Korea and the Philippines make hope autumn prices in the EU to stabilize again. Supporting acts the expected lower revenue of battle in the EU between 0.5 and - 1.3%.
