Economical and agricultural outlook. Czech Republic.
According to the Summer 2019 Economic Forecast made by European Commission, GDP is forecast to grow in all EU Member States this year and next. What’s interesting, significantly stronger in Central and Eastern Europe.
As for the Czech Republic, thanks to money flow from the EU last year the Czech economy grew strongly and real GDP expanded by 3.0%, mainly as a result of rapid growth in investment and solid growth in household consumption. Equally, the growth of the positive foreign trade balance surplus played a role.
Pig Meat Production by Country – Czech Republic
As the Czech Statistical Office states, in Q3 2019 the pig meat production “amounted to 112 320 tonnes; i.e. by 2.7% more, year-on-year including 51 586 tonnes of pigmeat (+1.6%). The growth of prices of pigs for slaughter continued and reached the average value 44.49 CZK per kg of carcass weight; i.e. by 4.86 CZK per kg more than in Q2 2019.” According to the same report in Q3 2019 the increase in prices of pigs for slaughter continued. In comparison with plummeted prices in Q3 2018 they went up by 24.4%. Agricultural producers sold pigs for slaughter for on average 34.23 CZK per kg of live weight or 44.49 CZK per kg of carcass weight. Compared to Q2 2019, the price was by 4.86 CZK per kg higher.
Pig Meat Market
The pigmeat records year-on-year lower imports (66 765 tonnes; −1.5%) and higher exports (7 244 tonnes; +7.4%). What’s significant, the largest proportion of pigmeat was imported from Germany, Spain, and Poland. Prevailing part of exports was directed to Slovakia.