EU pork exports down in November
Exports of pork from the EU were down on a year earlier in November 2014. As the impasse with Russia remains, Asian markets continue to be the key destination for EU pork.
Exports of pork from the EU were down on a year earlier in November 2014, by 4% to 145,000 tonnes, which was 25,000 tonnes less than October’s peak. South Korea was the second largest market for EU pork in November, having more than doubled its purchases on the year, as its own herd continued to suffer from PEDv, as well as some cases of FMD. China, however, remained the leading recipient of EU pork, despite a 1% fall on the year. With a unit price increase of 11% compared with last November, the value of shipments to China increased to €46million for the month. Unit prices for Japan, on the other hand, fell by nearly 3% as supply from the US regained momentum and EU shipments decreased by 19%. Hong Kong took 7% less pork on the year but prices increased by 10% as higher value cuts are in demand by the food service sector. As the impasse with Russia remains, emerging Asian markets continue to be the key alternative destination for EU pork with the Philippines and Taiwan prominent during the month. Slight increases in shipments to the US and Australia are also helping, while Venezuela is taking more from the EU as its main supplier, Brazil, is now trading more with Russia.
In contrast, overall pig offal exports from the EU increased for the period January to November 2014, reaching over 100,000 tonnes in November. Asia continues to dominate, with the top five market destinations for offal. As with fresh and frozen pork, trade to China led the way in November, with a value of €59million. While trade was down on October, increasing unit values across the board have held up the value of this market on last year and indicate sustained demand.