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EU pork exports recovering

Exports are up 20 per cent year on year


Alex   Black

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Alex   Black
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EU #pork exports recovering

Pork exports from the European Union were valued at €1.1 billion (£960 million) in July, up 29 per cent year-on-year, according to figures from the European Commission.

 

However, this was about 50,000 tonnes less than the high point recorded in June.

 

Strong Chinese demand has continued to boost the EU price, coupled with the latest census figures showing a tightening of supplies across all major producing member states.

 

Sales to China accounted for half of all EU exports and had more than doubled on July 2015.

 

Shipments to Hong Kong also recorded strong growth, up 51 per cent on the year earlier, while exports to the Philippines and the United States posted smaller growth figures of 11 per cent and 5 per cent respectively.

 

For the four weeks up to September 18, the figure topped €165.46 (£144.64) per 100kg, up 18 per cent year-on-year.

 

UK fresh and frozen pork exports decreased by 7 per cent compared to the previous year.

 

There was a 19 per cent decrease in shipments to Germany, a key destination for cull sow meat, and exports to Denmark were back 74 per cent on July 2015.

 

However, Chinese shipments were up 62 per cent.

 

UK

 

 

The value of UK exports was up 11 per cent on the year earlier, largely driven by the value of Chinese shipments more than doubling on the same period last year.

 

The combined monthly value of EU agri-food exports in July 2016 reached €10.5bn (£9.1bn).

 

Export values fell sharpest to Hong Kong, Russia and Algeria, but increased to some Asian and North East African countries, including India, China and Sudan.

 

Imports into the EU fell by €940m (£821m) which increased the monthly net trade surplus from €1.8bn (£1.6bn) in July 2015 to €2.1bn (£1.8bn) in July 2016.

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