Mintec Proposes to launch Additional German Pork Mintec Benchmark Prices

Following a period of market feedback, Mintec has decided to launch 11 new weekly Mintec Benchmark Prices (MBP) for German pork cuts. The new assessments will begin publication effective Tuesday, 28th May 2024.

The initial proposal was announced in a market note published on 25th April 2024, which can be viewed here.

The specifications for the new assessments will be as below:

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

The proposed assessments cover products for both QS (Qualität und Sicherheit) [translated: quality and security] & ITW (Initiative Tierwohl) [translated: initative animal wellbeing] 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 for the production of sausages and are widely used in ready meal and food manufacturing. The proposed assessments cover the commonly utilised grades of pork trimmings and would provide Mintec subscribers a set of objective and independent price benchmarks in what is historically an opaque market.

The proposed pork shoulder assessments would 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.