EU Pig Prices: Stifled of Stimuli

EU - The situation is static in Europe's slaughter pig market. Analysts say that overall trade is 'well balanced'.
calendar icon 4 February 2008
clock icon 2 minute read
The majority of quotations remain unchanged within the EU and a lack of stimulus is currently observed on both the domestic and single market, and export fronts. Unfortunately prices remain at a low price level, with little movement sue to abundant supplies.

However, in Denmark, there has been an up rising with some pig keepers creating massive resistance in the market and opposing Danish Crown's price policy. They are demanding considerably higher prices, to help them cope with increasingly high feed costs. Many are reported to be on the verge of boycotting the co-operative unless the price is increased. Unfortunately the Danish pig price has been lowest seen in the EU for many weeks - again a factor if over supply and substitution effects being seen in global export markets.

Trend: Higher prices may be expected as supply begins to fall. Improvement may also come if the single market achieves new impetus toward the spring.

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