Rough numbers have arrived: Hungarian pork exports have skyrocketed

By: Trademagazin Date: 2024. 06. 13. 11:54

The export of Hungarian live pigs increased significantly, by 58 percent, in the first quarter, and even meat exports increased by a fifth compared to the same period of the previous year, according to the AKI report. The producer price of slaughter pigs has decreased, but overall this also shows that compared to previous years, pig farming is in a surprisingly good position. In other segments of the product line, the situation is no longer so idyllic: the product manufacturers were unable to validate their attempts to raise prices, and the slaughterhouses sandwiched between producers and processors are in the most unfavorable position: they suffer from high raw material and low product prices, which caused billions in losses.

Among the world’s largest pork producers, in the United States of America, according to a May analysis by the USDA, the country’s pork production increased by 1.5 percent in the second half of 2024 compared to the amount produced from April to June last year. According to USDA experts, the producer price of fattening pigs may increase by up to 20 percent in the comparison examined. It is believed that no change is expected in terms of internal consumption, but the sale of pork on the international market may increase by 2.6 percent in the observed period. Based on the forecasts, US live pig imports may increase by 2.2 percent, and pork imports by 7 percent.

According to data from the United States Department of Agriculture, the price of pork carcass cold weight has increased by 25 percent compared to the previous year.In Brazil, on the other hand, the price of pork fell by 2.3 percent in the observed period, but the country’s pork exports show a 7.8 percent increase in the same month of 2024 compared to the April 2023 data.