Spanish pork production outstrips export growth

 

By Alistair Driver, Pig World (UK)

June 6, 2019

 

Spain’s fresh/frozen pork exports increased by 1% (+4,200 tonnes) year-on-year to 422,900 tonnes, in the first quarter of 2019.

 

Meanwhile, pig meat production in January and February (the latest data available) increased by 4% (+32,000 tonnes), meaning much more pork was available on the Spanish market. It may be that this pork is being stored, in anticipation of higher prices later in the year.

 

AHDB analyst Bethan Wilkins said: “Anecdotal reports indicate domestic demand has been declining. Average export prices were already a little higher in the first quarter (+4%), with trade valued at €924 million.

 

“Shipments to China rose by 34%...

 

more, including chart

http://www.pig-world.co.uk/news/spanish-pork-production-outstrips-export-growth.html