PEDv hitting Japanese pig producers hard
According to latest information from the Japanese Ministry of Agriculture, the number of PEDv cases in the country since the first outbreak in October has reached more than 800.
According to latest information from the Japanese Ministry of Agriculture, the number of PEDv cases in the country since the first outbreak in October has reached more than 800. This is around 15% of all pig farms in the country and it is now starting to have a significant impact on the pig market in the country. May slaughterings were 7% down on a year earlier, following a 4% fall in April. Supplies are expected to remain tight through the rest of this year. With carcase weights little changed, pork production was down by a similar proportion. One consequence of this has been a sharp rise in wholesale prices, which were around a third higher than a year earlier in June. So far, there has been a much more modest rise in retail prices but further upward pressure is likely.
With domestic pork in short supply, Japan, already the world’s leading pork importer, is likely to buy much more than in previous years. With US supplies also reduced by PEDv and Canadian exports redirected to Russia, the EU is likely to be the major beneficiary. Japanese trade data show a 19% rise in imports from the EU in the first five months of this year, the major contribution to an 8% rise overall. Latest EU export data (see above) indicate that the pace accelerated further, with shipments to Japan in May almost double their level a year earlier. This is making a major contribution to mitigating the impact of the Russian ban on EU pork and has helped to keep EU pig prices relatively firm.