Permeate
Permeate does not need strong Chinese demand to move to higher price levels
Europe
Prices are trending gradually higher despite ongoing weak Chinese import demand
China permeate demand remains below expectations as the pork market is reportedly slow and local prices are trending lower. In the EU we see prices in early May trading at EUR 950 ex works and higher. It remains questionable how much further upward momentum can be expected as long as the China market is sluggish.
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