EU pig prices: Well balanced

EU - The European finsihed pig market appears to be stabilising in the run up to Christmas.
calendar icon 5 December 2007
clock icon 2 minute read

Supply still proves to be comparably extensive, but with prices currently low, sales are standing up without too many problems. Consequently, the individual country quotations are also stabilising

Spain prove to be the exception, and is quoting higher than last week. Denmark is now ranking last. This has been mostly attributed to the extensive export of pork toward Italy and Eastern Europe - a factor that has brought huge relief to the Spanish market.

EU member countries are also benefitting from the proposed export reimbursement scheme. So far, there has been no direct market response, although some confidence has been restored and the effects are expected to materialise during the next few weeks.

Trend: The market is expected to continue to be balanced until the end of the year, at least. With the export reimbursement now supporting EU producers, some countries will see to slight increases to revenues.

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