Pigmeat prices will go up, says Vion
Prices for pigmeat will rise inevitably in due course,
said Daan van Doorn, CEO for Vion Foods in the Netherlands.
"It will not happen straightaway, as many markets do still have plenty of
stocks. But the tide is going to turn."
Van Doorn was quoted making these
comments as Vion presented its financial results for 2007, reports the Dutch
newspaper Agrarisch Dagblad.
company noted that in 2007 results for the fresh meat division were under heavy
pressure and financial achievements were worse compared to 2006.
pork supplies throughout Europe are said to be causing this. Van Doorn expected
this situation to continue for some time. "Supermarkets are still full, meat
processors in Italy and elswehere have plenty of meat stocks and the dollar is
not cooperative either. In addition, the piglet production continues to be very
Moment of change
However, he foresees a moment of
change. "I think I might know when, but I am not going to tell." Vion will not
anticipate to this change, as Van Doorn is convinced that could be
Van Doorn emphasised that Vion is trying to pay good
prices for pigmeat. "Last year, we paid more than would have been responsible,"
Vion announced last week that it has
started a joint venture with the Russian meat processor Ramfood Group of
Companies. According to Vion this offers opportunities to better serve Russian
customers with packed meatproducts, in het Moscow region.
company has a turnover of more than €86 million.
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