EU Pig Prices: Inconsistent Situation Throughout Europe09 July 2014
EU - This week, the European pig slaughter market appears unsettled.
Such uncertainty is caused among the market participants by the surprising price decrease observed in Germany on Wednesday. All in all, the situation proves to be inconsistent throughout Europe.
Austria, Belgium and the Netherlands followed Germany's lead, also correcting their prices. The Danish quotation went down as well.
The prices stabilised on the level achieved in Spain, France and Ireland. Thus, the German and French quotations are on the same level again as are Denmark and the Netherlands.
An inrush of tourists will cause the meat demand to rise over the next few weeks in the southern holiday destinations. As per experience, the summer temperatures will make the quantities on offer become scarce at the same time.
Hope arises from Russia announcing that there are plans to allow pork imports from 14 EU member countries altogether if they do not border with countries where African Swine Fever was detected.
If the large pork exporters - the Netherlands, Denmark and Spain - were allowed to start exporting again, that would mean a great relief to the European market. Yet, it cannot be understood why a country not displaying ASF, like Germany, should not be freed from the Russian import ban.
Trend for the German market: After the latest price decrease, the unsettledness of the German market has not quite come to a halt. Currently, the situation is not well balanced and the quantities on offer are sufficient to cover the slaughter companies’ demand. The result of the internet reflects the uncertainty. As a result, some of the pigs did not find a buyer and the average price dropped.
Prices in Euros (€)