News Pig market
Dutch pig market narrows gap with Germany
After a significant downward revaluation, the German pig price (VEZG) will not fall further this week. This will undoubtedly create more peace of mind in the still turbulent market. However, confirmation has been received that pork exports to China are actually improving. In the meantime, the price difference between the Dutch slaughterhouse quotations and the German market is narrowing.
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The German pork price (VEZG) has stabilized this week at €1,90 per kilo, after losing 10 cents last week. The market already expected that it would remain a write-down, although that remains to be seen. This is good news for the turbulent and tense situation on the pig market.
In terms of pricing, the Dutch pig market is now slightly catching up with that of Germany, after a considerable price difference emerged in the summer. Vion cut by €0,06 on Monday in response to last week's German cut. Compaxo deducts €0,05 from the quotation. The DCA Stock Price fell by €0,07 on Friday, but that quotation was somewhat tight compared to the slaughterhouse quotations. That balance is now also better.
China imports more volume
The market is still dominated by a large pig supply and weak meat sales and therefore feels sticky. There has been confirmation of a cautious export recovery to the Chinese market; in August, Dutch companies exported more than 20.000 tons of pork and by-products to China, according to newly updated figures from Eurostat. This is the highest monthly volume so far this year, and also higher than the same month last year.
Until August, export volumes continued to remain below last year's levels. The export value was more than €50 million, the highest amount since June 2021. The United States also saw exports to China increase from August and that trend continued in September. European exporters are currently mixed positive about China. Where one party recognizes itself in the recovery, the other party notices it less.