Growth of EU pigmeat exports starts to slow

EU pork exports showed signs of “cooling” in September in response to falling Chinese demand and higher supplies of cheaper pork coming from the US and Brazil, according to AHDB Pork.

Although total shipments of pork from the EU continued to increase during the month, the 6% year-on-year increase has slowed considerably compared to earlier in the year.

This was partly driven by a reduced growth in volumes going to China, although the country remains the largest market for EU pigmeat and is continuing to increase, just at a slower rate than before.

The average unit price of exports from the EU, meanwhile, followed the trend seen in EU pork prices and increased. This left the total value of exports from the EU up 13%, compared with a year earlier, at €416.1 million (£354m).

Pig offal exports also continued to rise, with shipments up 15% year-on-year at 130,500 tonnes and with all major Asian markets taking lager volumes. Unit prices also continued to rise, by 11%, leaving the overall value of offal exports at €171.9m (£146.25m).

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