Economical and agricultural outlook. Slovakia.
According to the latest OECD Economic Outlook released at the beginning of 2019, Slovakia is supposed to become the fastest growing developed economy in the world in this and next year.
As the Focus Economics states “a healthy labor market will underpin consumer spending, while investment activity is set to pick up thanks to rising EU funds inflows and growing car production capacity.” Slovak Prime Minister Peter Pellegrini assures that “Slovakia’s economic growth is balanced, and should continue to grow at a solid pace in 2019, with Slovakia belonging to the fastest-growing OECD countries”.
Pig Meat Production by Country – Slovakia
Pig production and consumption have a long history in Slovakia and what’s interesting – many Slovak national dishes contain pork! It’s also the most consumed meat in this country.
Despite the popularity of pork meat in Slovakia, domestic companies are not the major players on the market. Right now, main foreign investors in Slovakia are Danish pork producers – their companies own the majority of the Slovak pig farming industry. It clearly shows that large-scale pig production has become the new reality.
Pig Meat Market
Since 2018 market price for pig carcass increased. According to the latest analysis it seems that this trend will continue. Current situation on the pig meat market price in countries from CEE will be discussed during Eastern European Pig Congress (January 31, 2020, Hotel 500 Tarnowo Podgórne. Poland).
source: European Commission, Meat Market Observatory – Pig