Strong pork prices driving EU from export markets

07.08.2017

Firm demand vis-à-vis tight supply have hiked pork prices in the EU in Q2 this year, reaching levels not seen since 2013. In its Pork Quarterly Q3 2017 report, Rabobank noted that prices in EU now are higher than competitors Brazil, Canada, and the US, leading to the EU’s reduced share in China’s pork imports.

Total EU pork exports were down 2.8% in the first four months of this year, with exports to China and Hong Kong 15% lower year-on-year. The lower shipments to China and Hong Kong have been offset by increased exports to Japan, South Korea and the US.


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