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Lower import demand in Asian markets

In the period between January and September this year, pork imports into Hong Kong fell by 6%.

Friday 15 November 2013 (4 years 3 months 4 days ago)

According to BPEX, in the period between January and September this year, pork imports into Hong Kong fell by 6% compared with the same period in 2012. This was due to lower demand during the first two quarters. Shipments from the two largest markets, Brazil and China, increased by 8% and 5% respectively. However, the increases were partly offset by a 21% reduction in supplies from the EU, with Germany particularly hard hit.

At the same time, the import market continued to shrink in South Korea, as shipments were down by a quarter compared with the same period in 2012. Imports from all major suppliers were lower, which was a direct consequence of a recovery in the country’s domestic production.

Friday November 1, 2013/ BPEX Pig Market Weekly/ United Kingdom.
http://www.bpex.org.uk/

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