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EU Pig Prices: Markets Stable

by 5m Editor
12 August 2008, at 4:16pm

EU - This week, the European pigs-mature-for-slaughter market is stabilising across the EU. Quotations are reported to remain largely unchanged with the meat business being steady.

Compared with the other European countries’ prices, the pigs-mature-for-slaughter prices are gaining importance in Great Britain as a result of the British pound presenting itself weaker, reports Schweine.net.

On the German market, the price level of a corrected €1.75 per kg slaughter weight could be pushed successfully despite the slaughter companies’ pressure exerted at the beginning of last week. Pigs mature for slaughter are being sold without problems. Exports towards Eastern Europe do not allow for price increases at this point in time.

In Belgium alone, the pigs-for-slaughter prices cannot be maintained. There, slight markdowns need to be accepted.

Corrected prices this week (week 33) ranged from €1.495 per kilo in Denmark to €1.797 in Italy, continuing the trend from last week. No prices were reported from Poland or the Czech Republic.

Many discussions have been held within the EU regarding the abolition of export allowances for fresh as well as frozen pork. But there is no need to worry because the allowances are still paid for contracts which have already been agreed.

Supply is expected to be reduced as a result of declining pig stocks, down to a level which the market can accept.

Trend

In some countries, the Feast of the Assumption of the Blessed Virgin Mary is celebrated this week. However, no one expects supply to accumulate - the more so as daily growth is decreasing in southern Europe as a consequence of high temperatures.

In general, the prices are expected to continue to be steady.

5m Editor