Pig price breaks all records
LELYSTAD -
The DCA Stock Exchange Pigs has reached an all-time high this Friday, November
15.
A new
record has been set with a listing of € 1.84. With this the price including VAT
is broken by the magic limit of € 2.00. The history of the DCA Beursprijs 2.0,
the most important listing in this market, goes back to 2005 and since then the
prices for pigs have never been so high in the Netherlands.
The
underlying reason for the huge increase in the past year is the huge demand for
pork in China. This increased demand has its origins in the African swine fever
in China. The impact of this is that the pig population has shrunk by half. And
the effects last.
Experts
expect the low point of the Chinese pork supply to be reached next year. And
that it will only be at the level of last year well after 2025.
This means
that China has to import a lot of extra meat to meet the needs of the local
population.
All this
has led to the DCA listing for pork parts showing a big plus for weeks.