19.
01.16
15:52

PLH action with surprisingly high initial investment

PLH action - within 2 weeks 70,000 t pork

70.241 t pork for private storage are already been tendered as of Jan 16, 2016. The last year's action brought it during the whole runtime not to 65,000 tonnes.

Most 3-month storage with less than 45,000 t claim is taken. Rd to stay under lock and key for 5 months 20,000 t.

Spain and Germany make the most use of this temporary market relief with respectively 23% share.  Denmark is less than 15% and the Netherlands put it on 12%, Italy and Poland are with 7% each.  Low French participation with 2.7% always loudly calling for government intervention normally is amazing.

Stored with a share of approximately 55% are predominantly leg parts with bones . The rest consists in large part of various Bacon page sections. Higher quality pieces are still little.

The stock bonuses were increased compared to the last action by 20%. Hams, shoulders, loins and neck €281 per tonne to be paid for 90 days storage bei150 storage days €305 / t. Bacon the premium of 90 days is €168 per tonne, for 120 days €175 /t and 150 days €182 / t. In cases of export goods can be obtained after 2-monatiger ageing prematurely with a reduction of the premium.

As to the recent price increases to read is, seems the first attempt of this action to bring initial successes. However one should not turn a blind eye before the performance of future price increases in the face of publicly known stocks.  The relocations come at a time when the (Grill) demand. Seasonal price increases will be capped then.  The experience gained from previous actions teach that the net price effect is rather negative.

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