Mintec Proposes to launch Additional German Pork Mintec Benchmark Prices

Mintec has launched 11 new weekly Mintec Benchmark Prices (MBP) for German pork cuts.

The initial proposal was announced in the market note published on 25th April 2024, which can be viewed here. The decision to go ahead with the launch was communicated in a market note on May 13th, 2024, which can be viewed  here.

The specifications for these assessments are as below:

The assessments reflect the transactable value at 16:00:00 London time.

The assessments cover products for both QS (Qualität und Sicherheit) [translated: quality and safety] & ITW (Initiative Tierwohl) [translated:  animal welfare initiative] quality certifications. While QS-certified pork remains the largest pork category in Germany, ITW-certified pork meat is growing in market share as consumers place additional importance on higher animal welfare standards.

Pork Trimmings are a key ingredient to produce sausages and are widely used in ready meals and food manufacturing. The assessments cover the commonly utilised grades of pork trimmings and provide Mintec subscribers a set of objective and independent price benchmarks in what is historically an opaque market.

The pork shoulder assessments complement Mintec’s existing coverage on European pork cuts and provide Mintec subscribers with additional granularity and insight into the German pork market.

Please send any questions or comments about this market note to [email protected], and clearly state which market note your comments relate to, and if the comments are intended for publication by Mintec.

Mintec will acknowledge receipt of all comments by email. .