porcus - sappo

Market conditions continued from p 5
6
Market conditions
ribs which imposes an increase in the combined basket index
for porker products. In the sample space for baconer products,
the retail price of shoulder bacon has increased from the
previous estimate in August. A marginal decrease in the index
margin for porker products occurred from August to October,
which implies that the spread between the wholesale and retail
price has decreased. A sideways movement occurred in the
spread or index margin for baconer products. The index margin
for porker and baconer products in October were approximately
119 and 173 percent respectively (base year = 2008).
Import analysis
Figure 8: Total imports to South Africa
The total imports of pork meat in September to South Africa reported
its lowest level since September 2010. Pork imports for
September amounted to a total of 1 730 tonnes, approximately
5.71 percent down from August and a 26.19 percent decrease
from June. However, the imports of ribs increased from August
to September from 1 132 to 1 388 tonnes. Imports of hams,
shoulder and other cuts have decreased in the same period.
The three main countries of imports were Germany, Canada and
France. The total imports from Germany in September were 895
tonnes, marginally lower than the preceding month. Canadian
imports have decreased by almost 50 percent from August to
September and reported 205 tonnes of pork meat imports to
South Africa. Year to year, imports in September were marginally
lower.
Figure 9: Imports of pork to South Africa
1 May 2010 price data has been estimated and may not be
completely representative.
Porcus Oktober/November 2012