2024 Author: Jasmine Walkman | [email protected]. Last modified: 2023-12-16 08:29
Big drop in prices of pork reported in several countries of the European Union found the European Industry Organization (ISN) in the last week.
Analysts comment that volatile pork prices started in the German market. From there, in just one week, the average price of pork fell by more than 1 euro per kilogram.
As a major factor undermining German quotations, experts point to the very large quantities of live animals on the market.
Markets in neighboring countries, most notably Austria, Denmark, France and Belgium, have come under similar pressure. At the moment, only prices in the Netherlands are stable, although there has been a decline of 7 eurocents per kilogram.
However, reports indicate that more movement in market prices can be expected. But in general there are prerequisites for balancing the values.
Definite forecasts are not yet given, as African swine fever, which has been registered in Europe, may affect price dynamics.
More experienced traders say that in most cases, low price levels persist for a long time. According to them, low purchase prices of pork have been observed since the beginning of January.
At the same time, the retail market has not changed its values, and certain companies accumulate profits in the season when pork is eaten most often.
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