Declining Chinese demand drives Danish pork prices down
After years with record prices for pork produced in Denmark, the price is now falling rapidly and dramatically, writes DR.
The main reason for this development is the lack of demand for Danish pork in the Chinese market. China has been a major buyer of Danish pork for some time due to a swine flu outbreak in China. This meant that they were more dependent on imports.
Now, however, China has turned the tide and is starting to increase its own pork production. This has resulted in lower demand for Danish pork and therefore lower prices.
One of the pig farmers who has experienced the fluctuating prices is Peter Koustrup from Tirstrup, Denmark.
“We went from 8.30 DKK on a kilo of pork to over 14 DKK and then back to 9 DKK. So it was very different. You can comfortably say it’s been a roller coaster ride, ”says Peter Koustrup.
The changes in the pork market do not concern Klaus Kaiser, who is the Business Economic Chief of the SEGES Knowledge Center, which is part of the Danish Agriculture & Food Council.
“By default, we are strong. We have a good competitive capacity because Danish farmers are very efficient but also because we are able to deliver homogeneous food products. We also have a transparent product tracking system based on veterinary considerations and we have a high level of animal welfare compared to other countries, ”explains Klaus.