The German meat company Tönnies Group announced a 3.6% drop in sales throughout 2018 due to a fall in pork prices.

Last year, Tönnies processed a total of 20.8 million pigs, which is 1% more than a year earlier, of which 16.6 million were processed directly in Germany.

Nevertheless, pork prices fell by 12.5%, which led to the company's annual turnover of 6.65 billion euros, which is a decrease compared to the previous year. Commenting on the results of its activities, the company's CEO Andres Ruff said that the firm is "systematically implementing its international growth strategy" with growth in France, Poland, the UK and Denmark.

In Germany, however, the meat industry is under pressure from global imports from countries such as Spain and the United States, as well as consumer price pressures. The Tönnies Group is one of the world's leading multilevel food industry companies. It operates in four divisions: meat, semi-finished products, ingredients and logistics. It was founded in 1971 as a family business. Now the main activity of the company is focused on the slaughter, cutting and processing of pigs, sows and beef cattle.