The price of pork in Spain has risen 32% in twelve weeks. Increase in demand from China and the opening of a new slaughterhouse suggest further rises.
"When you want to test the depths of a stream, don't use both feet"
The rise in pork price is being so intense and important that the processing sector will have to make a superhuman effort and transfer the rises in price to the final product as soon as possible.
The current situation in China has many similarities to the old-time hog cycle liquidation phase.
Guillem Burset foresees a very profitable 2019, but not for all the actors in the Spanish pig sector.
The relationship between the farmer and the abattoir, daily and passionate most of the time, ends up creating a bond. Its quality will, undoubtedly, be put to the test in Spain.
Pork supply, pork consumption and purchasing power in China, US and China trade war and globalism are some of the balls in play and many more are to come.
Spain is the leading supplier of pork for France, with more than 315,000 tonnes per year.