Record EU pork exports in October
As has been the case in most recent months, the Chinese market dominated EU pork exports in October, taking them to a record level.
A doubling of shipments to China meant that total volumes reached 182,300 tonnes, 7% above the previous record level of October 2014. The Japanese market also performed strongly, taking over 40% more EU pork than a year before. Between them, China and Japan accounted for over half of exports during the month, compared with less than a third last year. Apart from the US, most other major buyers of EU pork took significantly less than a year before. There were particularly sharp falls to South Korea and Hong Kong. With the decline in prices slowing in euro terms, so the average was only 4% lower, the value of exports was 3% up on the year, at €413 million.
EU offal exports performed less well in October, with 10% growth in shipments to China more than offset by a drop of a quarter in sales to Hong Kong. This meant that overall volumes were down by 6% compared with October 2014, at 106,200 tonnes. With unit prices also lower, the value of this trade was 10% down on the year, at €126 million.