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EU Pig Prices: Causing Upset
EU - This week, the EU slaughter pig market shows a sudden decline in price - a factor that has angered producers and caused upset throughout the pigmeat production chain.Although Denmark – increased its quotation by three cents, all other European countries held in response to Germany's action to drop prices. There are fears this will once more create much instability in the European market, says Schweine.net.
Pressure has been mounting since the end of last week from German slaughter companies after its meat business proved to be weak in previous days trading. Thus, a six cents’ decrease of quotations was achieved and sent the European low countries reeling.
Both Dutch and Belgian producers’ quotations fell back considerably - mainly to stem low-priced import goods coming in from Germany.
Austria followed suit and also cut quotations.
However, prices in many other European countries remained untroubled. They have been able to hold their ground with good demands. France did however, report a slight fall in prices .
Trend: The price-development situation for slaughter pigs is still uncertain. Large quantities of finished pigs are coming forward across Europe. An improvement to the weather could lift meat demand and stimulate the meat market.
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