Pigmeat prices on the rise in Europe

Traders are quoting low stocks and high demand, boosted by sizzling temperatures and an influx of visitors to Germany for the World Cup as the main reasons for the strong market.

German farmers are now receiving average prices of 115p/kg for heavy carcasses between 85 – 90kg deadweight.

These prices are the highest in Europe with the exception of Italian Parma ham production.

The latest GB Deadweight Adjusted Pig Price stands well behind comparable EU prices at 103.2p.

Supply restrictions following foot-and-mouth outbreaks in Brazil have increased Russian demand for pigmeat.

Source: FWi

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