Export refund for pork canceled

Pig prices recovered across the EU

The EU Commission has lifted the export refunds for pork that had been granted since January of this year. The decision has been in effect since March 16 and is justified by the significant recovery in pork prices in the European Union. The average EU price for half-slaughtered meats rose from 112 euros per 100 kilograms at the beginning of January to around 135 euros per 100 kilograms in mid-March. The price recovery is related, among other things, to the import ban on poultry meat.

At the beginning of January, the EU Commission set an export refund of 40 euros per 100 kilograms for slaughtered halves and 25 euros per 100 kilograms for belly meat. Export refunds are still paid for processed pork products.

Source: Bonn [ZmP]