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Weekly Overview: Weak First Quarter Expected on Global Pork Market

  • 10 Feb 10:23

A new report from Rabobank states that the global pork market is expected to remain weak in the first quarter of 2016, followed by some - partly seasonal - improvement leading into the second quarter. TheGlobal Pork Quarterly Q1 reportsuggests that sufficient supply and modest demand development mean the Rabobank five-nation hog price index will bottom out in the coming months, at the lowest point since 2006, after a stronger-than-expected drop at the end of 2015. “Recent positive demand and price developments in importing countries will start to support prices in exporting countries during Q1,” says Albert Vernooij, analyst. Read more...