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AHDB Pig Market Weekly


03 October 2016

AHDB Pig Market Weekly - 3 October 2016AHDB Pig Market Weekly - 3 October 2016


AHDB

EU pig price continuing its upwards trend

The EU average pig reference price continued its upward trend of the year, following a slight plateau in August. As at week ended 18 September, it had risen by almost €2 in the latest four-week period, to €165.46/100kg. This is the highest price since July 2014 and 12%, or €18, up on the same week last year. The price was also slightly above the two-year earlier level, albeit by a much smaller margin; up just 2%, or €3. The strong Chinese demand has continued to boost the EU price, coupled with the latest census figures showing a tightening of supplies across all major producing Member States. This has helped to support a drop in domestic demand across many EU states, with reports of a slightly disappointing barbeque season not livening the domestic market as hoped.

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