China has been buying great volumes of pork cuts in all Europe for a few weeks. The pig price in China has shown a spectacular rise.
How ready is the global meat sector for up to 25% of their current production to be offset by plant-based products in the next five years?
- 18Sep Asian market success: team up or miss out
- 16Sep CPF named in DJSI member list for 5th consecutive year
- 10Sep Hong Kong eyes on Thai pork after successful preventive measure against ASF
- 3Sep Cell-Based/Cultured Meat, Poultry and Seafood Makers Form Coalition to Educate and Advocate on Behalf of Their Burgeoning Industry
It is obvious that the current situation cannot last much, and that a correction will be needed soon: or our European competitors increase their prices or we reduce them.
A grand majority of countries expect maximum prices much higher than those recorded in the last three years.
Floods, African swine fever, tariffs war, heat waves, and some more issues... How will they affect the once-in-a-lifetime profit-palooza that many pork industry participants hoped for earlier?
We think that the price will remain where it is now. We don't exclude any rise: the “beep” of the electrocardiogram, but without a real projection.