Import pushes pork prices down

By: Trademagazin editor Date: 2020. 12. 03. 11:42

The price of live pigs has fallen further, which, coupled with high maize and soybean prices, means selling below cost to many producers already, according to industry players. In addition, import pressure is growing in the meat market – Világgazdaság Online wrote.

Domestic pig farmers are already moaning about the effects of the African swine fever (ASF) in Germany, which has reduced the purchase price of live pigs to around 350 HUF per kilogram. Two weeks ago, the price of live pigs in Germany fell from 1.27 to 1.19 euros, and the decline was immediately reflected in Hungary, as large buyers adjust their prices to those of Germany – Oláh Endre, Chief Adviser of the National Association of Agricultural Cooperatives and Producers, told Világgazdaság. (Kelemen Zoltán, vg.hu)