EU pork exports down by 8% in March
Duncan Wyatt, AHDB lead analyst, said average pork prices also fell by 7%, and so the fall in the value of exports was down by 15% on year earlier levels, at €432 million.
Shipments to China fell by 11,000 tonnes compared to year earlier levels, leaving year to date volumes down by 27,000 tonnes.
"This comes at a time when production across the continent is increasing, and in the past China has proven to be a valuable outlet for excess supply. However, pork prices in China are themselves challenged at the moment as domestic demand struggles to keep pace with a rapid expansion in production. The ability of the Chinese market to absorb European volumes is likely to be limited form some time to come. Exports to Hong Kong were also 10,000 tonnes less in March comparted with 2017," said Wyatt.
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