EU Pig Prices: Further Price Decreases Inevitable, Bottom Reached?05 December 2012
EU - Pressure still continues to be exerted on the EU quotations this current week of slaughter. One of the reasons, which discomforts all European countries in a direct or indirect way, are the exports which seem to be going very slowly from the EU point of view.
As regards Russia, the booming trend has cooled off noticeably most recently, after accession to the WTO. Brazilian, US American and Canadian importers are much more in demand at present, because they can offer a more favourable price level. At the same time, sufficient quantities are on offer throughout Europe at partially clearly increased slaughter weights.
In Germany, one could not stand the pressure exerted by the slaughter companies this week. Therefore, the concerted price was lowered towards the major slaughter companies’ price ideas after two weeks of internal prices. In Austria as well the prices had to be corrected downwards by –5 cents. Similar to what was observed in Germany the slaughter weights there have gone up over the past weeks.
Price decreases were slightly more moderate in the South European member countries over the past weeks. Yet, the quotations there still are under pressure as well. In France, the prices went down by a corrected -4 cents last Thursday, in Spain the prices were lowered by a converted -2 cents.
And again, the Danish pig keepers do not have to cope with the price cuttings. There the quantities on offer still remain quite scarce, so the price was quoted on an unchanged level.
Trend for the German market: The quantities on offer are sold without problems at present. From today’s point of view, steady producer prices may be expected for the coming week of slaughter.
|Prices in Euros (€)|
1corrected quotation: The official Quotations of the different countries are corrected, so that each quotation has the same base (conditions).
base: 56 per cent lean meat; farm-gate-price; 79 per cent killing out percentage, without value-added-tax (VAT)