Due to the swine fever in Asia, shortages continue to occur in meat and sausage products, which are noticeable through immense increases in European pork prices. Since the beginning of August 2019, these have increased by 49% due to a massive increase in EU exports to China of more than 46% and lower availability on the domestic market.
This tremendous increase in Chinese demand for European pork is due to the reduction in Chinese pig production associated with swine fever. The spread of African swine fever in China resulted in around 30% loss in production in 2019, which corresponds to around 200 million animals.
Unfortunately the gastronomy has no choice but to pass the increased purchase prices of meat and sausage products on to the guests. Therefore, we also had to adjust our prices in our current menu to the latest situation.
- Why is China so relevant?
With pork production and consumption of more than 50%, China is the world’s most important producer and consumer of pork.
- What are the impacts on the current market?
The overall global availability of pork is reduced by 15% with the reduction in pork production of approx. 30%.
- Is only the EU market affected?
The effects are global and in the long term the effect will also spread to other types of meat such as beef and chicken, as these are increasingly being used as substitutes.
- Are there any other influencing factors?
Due to the ongoing commercial war between China and the United States, there is an import duty of 62% on pigs from the United States to China. In addition, 50% of U.S. pork production is banned by using a food additive to promote growth in China, Europe, and Brazil.