Rabobank Pork Quarterly Q2: High-flying Pork Prices Come Back Down to Earth
According to the latest Rabobank Pork Quarterly report, the global pork industry has been searching for stability during Q1 2015, with strong supply growth and relatively weak demand driving the market.
Pork prices are sharply lower, as robust global supply growth (driven by the US, Russia and Brazil) has outpaced rather subdued demand, dragging producer profitability into negative territory.
Rabobank animal protein analyst Albert Vernooij says: “The increasing competition in the global export market will result in continuous price and margin pressure in most countries around the globe. Therefore, after the buoyant&mdashat least price-wise&mdashlast couple of years, the global pork industry is slowly moving towards the bottom of the cycle.”
Outlook for global and regional markets:
For more information please contact the report’s author:
Albert Vernooij: albert.vernooij@Rabobank.com, EU & Russia +31 30 71 23834
William Sawyer: William.sawyer@Rabobank.com, USA +1 +1 212 916 7991
Chenjun Pan: chenjun.pan@Rabobank.com, China +86 10 56951155
For other information, please contact Rabobank press office:
firstname.lastname@example.org+31 30 21 66918
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