Pork prices in Germany are falling rapidly
At the beginning of the grilling season, the average price is 1.80 euros, which is 8% lower than a few weeks ago. Pork prices in Germany fell by 0.15 euros in just a couple of weeks as the Easter holidays limited activity at slaughterhouses.
As a result, there was an excess of livestock on the market, upsetting the market balance. In addition, the lack of strong signals for an increase in demand for pork negatively affects industry sentiment.
Exports are not growing, and the barbecue season has not yet gained momentum, according to PolPig. Now, the proposed rate of 1.80 euros per kg is far from the expectations of the breeders. However, market participants believe that this is not a sustainable downward trend. Pork production is currently declining in Europe, the US and China. In neighboring Poland, prices have also fallen to 7.95 złoty (1.65 euros) per kilo despite a shortage of livestock. “Many feedlot farms remain vacant. Limited demand from trade is clearly visible. If the production of pigs is left at the same level, then with an increase in the cost of production, purchase prices should rise,” analysts comment.