The quantity of pork sold on the international market decreased by 10 percent, while its value increased by 18 percent
According to an August analysis by the United States Department of Agriculture (USDA), US pork production may decrease by 1 percent in the third quarter of 2023 compared to the amount produced in July-September 2022. USDA experts expect an 8 percent decrease in the producer price of fattening pigs in the comparison examined.
According to data from the European Commission, in January-April 2023, the European Union sold 15 percent less (1.5 million tons) of fresh, frozen and processed pork on the international market than in the same period of 2022.
Prices have increased at home
According to AKI PÁIR data, the producer price of domestically produced slaughter pigs, excluding VAT and transport costs, was HUF 945/kilogram of carcass hot weight in July 2023, which represented a 27 percent increase compared to the average price a year earlier. The processing sales price of cut pork (loin, ribs, thigh) was 31 percent higher in the same comparison. According to KSH data, the consumer price of short loin increased by 21.5 percent and pork leg by 6 percent at the same time.
AKI PÁIR
Related news
The foreign trade balance of fresh spinach was negative in 2023
In Hungary, spinach is one of the earliest outdoor vegetables. According…
Read more >The producer price of wheat is 21 percent lower than a year ago
According to Tallage’s information in April, the spot market price…
Read more >More than 60 percent of the planned sowing work has already been completed
According to operational reports assessing the state of agricultural work,…
Read more >Related news
The latest issue of Trade magazin is out now!
The digital version is available with more content once again…
Read more >FAO: global food prices increased for the second month in April on a monthly basis
In April, global food prices rose for the second month…
Read more >Beauty care travels at breakneck speed
Beauty care is one of the fastest growing markets in…
Read more >