The situation on the Italian pork market is extremely negative: production capacities are reduced by 20-30%, and store refrigerators are full. Purchasing prices for slaughter pigs in the country last week fell to 1.15 euros per kilogram. This is 28% less than in early March, when average quotes were 1.60 euros.
“Current May pork prices in Italy are the lowest since 2010,” said Betan Wilkins, senior analyst for the UK Agricultural and Horticulture Development Board (AHDB).
However, Italy is not the only European country that has suffered from the COVID-19 crisis. Market conditions are rapidly deteriorating in Spain, Poland and partially in Germany.
Reports show that the situation in the Spanish market is deteriorating. Despite the fact that the throughput of processing enterprises has decreased, the problem is also the movement of stocks of meat, has already accumulated. Average quotes in the country fell by 12% between the end of March and mid-May.