DENMARK, Copenhagen. Demand from China will ensure an exceptionally good year in 2019. The dairy producers also earned more.
According to surveys by the National Statistics Office, the 2,000 full-time pig farms achieved an average operating profit of the equivalent of € 497,000. This was the best result since 1989 and far exceeded the figures of the past decade. According to the statisticians, farmers benefited considerably from the African swine fever (ASF) epidemic that was rampant in China and other countries and the subsequent leaps in demand and prices. However, the official market analysts do not expect the boom to continue this year. Record high prices were also achieved for pigs until March 2020. After that, however, the spread of Covid-19 had noticeably dampened sales at home and abroad, which was reflected in declining prices.
The Danish dairy cattle sector also saw an upward trend in 2019. According to the report of the Danish Statistical Office, conventional dairy producers generated an average operating profit of € 116,000, which is € 27,000 more than in 2018. The producer prices for the milk delivered, which were slightly below the previous year's level, were more than compensated by a higher milk yield, the Statistical Office explained. At €157,000, the average operating profit of organic dairy farms was almost twice as high as in the previous year.