In depth provide pressuring costs
15 January 2024
2 minute learn
February is coming near, however meat call for in China does now not get going earlier than the height of the season, in keeping with a marketplace document from German swine crew ISN.
Because of the in depth reside provide, slaughter pig costs in China slipped once more initially of the 12 months, making it tricky for pig farmers to hide manufacturing prices. Moreover, in keeping with Agra Europe, oversupply has dampened China’s import call for for beef.
These days, call for for meat in China is depressed. In step with marketplace analysts, this has ended in falling slaughter pig costs with an in depth reside be offering. In the second one week of January, costs slipped under the mark of 14 CNY (1.79 euros) consistent with kilogram of reside weight in the second one week of January and, in keeping with the nationwide survey on Tuesday, had been 13.80 CNY/kg (1.76 euros). This fell under the already now not specifically prime stage from the start of January 2023 through nearly 10%.
Slaughter pigs in China transparent about the similar as they do in Spain or Germany. In earlier years, Chinese language costs had been considerably upper than they had been in Europe. Personal pig farmers, in addition to large-scale business corporations in China, proceed to lose cash since the pig value does now not quilt their manufacturing prices. In step with the calculations of the Beijing Agricultural Division, the losses for the smaller farms amounted to round 18 euros consistent with fattening pig in November 2023. For massive companies indexed at the inventory marketplace, losses had been decrease consistent with animal.