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EU Pig Prices: Spring Awakens Market
EU - This week, the European slaughter pig market is characterised by a change of moods. The tide appears to turning in the European slaughter pig market. After weeks of dpresseion, pig prices seem to have finished hibernating and there are signs of improvement. According to Schweine.net, Germany is been first to increase prices by five cents, then followed by the Netherlands, Spain and Austria. The Danes, Belgians and French, however, still exercise themselves in reserve.
And the EU, needed some positive signs - it may bolster the market and give some much needed optimism.
The trend reversal is ushered in by noticeably lower supplies -the industryy is contracting in many regions.
In Denmark, production is expected to fall further as from March as piglet and weaner stocks have been and continue to be being decreased. Another good signal is coming in from Russia as Moscow anticipates negotiation dates to be fixed by the end of May with regard to a new partnership agreement between Russia and the EU.
Trend: The market is boosted by the price increases achieved so far and the good demand on the part of the slaughter companies. This has a promising effect on pricing further on.
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