Italy’s pig processing capacity is down by 30%
The Italian pork sector is hardly hit by the coronavirus crisis. Italy is a significant importer of pig meat from other EU member states but, for this time of year, the market has dropped to the lowest level in the last decade. “The situation in Italy is reportedly very bad, with processing capacity reduced by 20-30%, and cold stores filled. Ham processing is particularly stalling. Current prices are the lowest at this time of year since 2010,” reported Bethan Wilkins, Senior Analyst for AHDB. However, Italy is not the only European country to suffer from the COVID-19 crisis. Market conditions are deteriorating fast in Spain, Poland and partially in Germany. Reports indicate the market is Spain is worsening. Although throughput has apparently been reduced, moving stocks of meat already accumulated is reportedly challenging. Prices have dropped 12% between the end of March and mid-May.
https://www.euromeatnews.com/Article-Italys-pig-proces…/3853
