EU - Last week, the European pig slaughter market was much influenced by what happened on the German market.
After the German quotation had gone down noticeably by 4 cents as a result of pressure exerted by the slaughter industry, other countries’ quotations followed suit.
So, the prices were also corrected downward by 2.4 to 4.8 cents in the Netherlands, in Denmark and in Belgium. In Austria, the producers had been fighting price pressure for the past few weeks with the quotation continuing to fall. The quantities on offer are quite extensive in Spain with the market being quite unbalanced, so the quotation is still going down.
In France, the situation remains chaotic. A solution to the problem still does not seem to be in sight.
Price fixing is suspended at the Plérin auction. According to a marketing participant, the discounted prices paid by French slaughter companies are clearly lower than the minimum prices as set by politics.
It is on everyone’s lips and much discussed by market participants from all EU member countries, those discussions being all but useful: the news published last week by WHO experts on the risk of cancer possibly caused by meat consumption.
Trend for the German market:
At the beginning of the week, the market appears in a well-balanced way. From today’s point of view no change is foreseeable. So the price is expected to stand its ground.
ThePigSite News Desk
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