Genesus Global Market Report: France - November 2019
French production, of which one third of this production is exported, benefited from China's massive imports both in terms of volume and value, especially in the last quarter.
22 November 2019
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Pork market: very strong Chinese demand
Since mid-March, we have seen a steady rise in pork price reaching its highest level for this year at at the end of September with 1.701 € per kg (85.30¢ US/ lb) dressed carcass. Adding premiums, french producers got an average price of 1.83 € per kg (92.10¢ US/ lb) per dressed carcass
Even if since October 14th, market price has lost 1.9 cts per kg (1.681 €/kg), this has allowed the prices to remain at a level rarely seen this period of the year.
Week 45, the slaughtering in Uniporc-Ouest area (west of France area, where the main production is located) reached their highest level for 2019 with 395,894 pigs slaughtered for an average carcass weight of 96.35 kg (212.35 lbs), an increase of 0.83 kg (1.83 lbs) compare to the previous week.
November's Weaned and Feeder, 8 kg (17.63 lbs) and 25 kg (55 lbs) respectively, pig supply is still not enough.
- Price for a 8 kg piglet : 31.58 € ($ 34.96 US) per head
- Price for a 25 kg piglet: 2.06 € per kg ($ 1.03 US per lb) liveweight
= 51.5 € ($ 57.03 US) per head
Compared with January 2019, price for Weaned piglet price increased close to 32 percent.
Same for culled sow, price currently at 1.285 € per kg (64.42 ¢ US per lb). Last year, November's average price for culled sow was 0.752 € per kg (37.65 ¢ US per lb).
Presidential trip to China
Beginning of November, french President, Emannuel Macron, accompanied by many french companies, was in China with the aim of winning new contracts.
During this trip, many contracts have been signed between France and China for an amount of $15 billion, in various fields such as aeronautics, finance, electricity and agri-food.
Concerning the agri-food sector, some 20 French companies (poultry, beef and pork) have been approved to export to China. A protocol for the export of swine semen has also been signed.
In addition, Chinese President Xi-Jinping and Emmanuel Macron made a joint declaration aiming to achieve a sanitary protocol allowing the practical application of zoning for African swine fever. Concrete results are expected next year.
