Global pork market stable
The global pork market has been stable in the first quarter of this year, with supply and demand more or less in balance.
Downward pressure on feed prices and the adjustment of most sales contracts to the new price levels has given the industry momentum to regain part of margins lost in the last couple of years, said a Rabobank report.
“In the EU, consumers are increasingly feeling the effect of the economic crisis in their wallets, while the higher pork prices of the last year are increasingly reflected in retail prices,” said Albert Vernooij, Rabobank analyst.
The second half of 2013 could see large production drops in the EU resulting from the implementation of the sow pen regulations in January.
Source: Robyn Vinter, Farmers Weekly
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