January 13, 2006
Canada's pork export value predicted to drop in 2006
The volume of Canadian pork exports will rise in 2006 but the value of those exports will drop, according to predictions by Canada Pork International.
Factors, including the potential loss of the Romanian market, which was worth about C$50 million of products last year, will prove maintaining the same levels of return difficult, said Canada Pork International Assistant Executive Director Martin Lavoie.
Canada sells to the Romanian market with the best dollar a kilogram ratio, after the US, Japan and Australia. However, Romania will be assuming EU import requirements in June this year, which will affect Canadian exports.
Lavoie said the value of the Romanian market is very close to that of China. Canada exports 20 thousand tonnes of pork to Romania and about 38 thousand tonnes to China annually.
He added that production is increasing and 2006 will likely see another volume record. However, he is unsure whether the value will keep up.
More pork will be sold on the export market but not necessarily into high-paying markets such as Romania, he said.