Kometa will not reduce the current purchase price of pork

By: Trademagazin editor Date: 2021. 10. 25. 11:42

Kometa 99 Zrt. will not reduce the basic purchase price of pigs per kilo below the current 1.2 euros in the event of a further decline in the market price, in order to help the pig sector in difficulty, the company informed MTI on Monday.

Kometa keeps the purchase price of pork, thus helping the industry

In their statement, they wrote that they would pay their contracted partners with whom they had a volatility reduction agreement 1.24 euros per kilogram of pig carcass weight.

They pointed out that there is an unprecedented uncertainty in the pig market, with countries falling out on the demand side after China restrained its European orders, and on the supply side, production costs increased. The latter is affected by higher feed and energy prices and strong wage growth in the sector. (MTI)