A kilo of pork could soon cost up to 4,000 HUF

By: Trademagazin Date: 2022. 09. 01. 11:04

The small producers of the pork sector are extremely disappointed, but the larger meat plants are not optimistic either. A significant increase in the current prices would be justified, as they can currently bring the production to zero at most, and for the time being they cannot even cope with the changes due to the increase in energy prices. However, if production continues like this and the price cap is lifted, a kilo of pork could soon cost up to HUF 4,000, and the price of Mangalica meat could rise to HUF 10,000.

Larger meat plants are not optimistic either

The small producers of the pork sector are extremely disappointed, but the larger meat plants are not optimistic either. A significant increase in the current prices would be justified, as they can currently bring the production to a maximum of zero. The price of meat products may continue to rise vigorously if only because the purchase price of live pigs has risen by approximately 60 percent in recent months, according to the latest data from the Market Price Information System of the Agricultural Research Institute (AKI PÁIR), to HUF 780-800, which is how much slaughterhouses buy live pigs in Hungary. kilo of pork. As a result, the final consumer price of pork may rise by about a quarter based on rough estimates by industry players. The extended food price freeze measure covers home-made pork legs, so the consumer price of this product range cannot increase until October 1, but for the other products, a significant increase would be very justified, according to industry players.

In the case of pigs, the extraordinary situation arose that while a significant increase in cost of living took place due to the increase in feed costs, at the same time an oversupply situation developed on the world market, thanks to the fact that the Chinese began to put in order the previously decimated by swine fever, more precisely almost halved their herd and their pork self-sufficiency level strengthened, thereby reducing very significant Chinese pork imports in previous years. In the second quarter of 2021, the European Union’s pork exports to China fell drastically almost overnight, creating an oversupply situation on the international market, which primarily affected the European pork sector. That is why cheap Spanish pork could flood the Hungarian market, displacing Hungarian producers or forcing them to sell pork at a loss.

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