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Export dependency risky for EU pig industry

  • 31 Oct 10:12

Increasing exports to non-EU destinations have led to booming pig prices in the first half of 2016. The question is whether this economic recovery is structural. Even now, margins are just over break-even. Whether the long expected profitable years have come, depends on many factors, especially external factors without much influence of the pig sector. Relying on the export opportunities to third countries, however, is too risky. The total world pig meat production amounts to some 110 million metric tonnes per year, of which about 20% is in the EU. Less than 10% of the world production is being traded between trade blocks (like the EU, China and the USA). The rest. Read more...