World Pig Price Projections Point to Recovery

GLOBE - The chart below, from a European Commission forecast published last week, is only telling us what we already know — but it is good to see, nevertheless.
calendar icon 6 August 2008
clock icon 2 minute read

The projections of strong world price increases in 2009, 2010 and 2011 are made against an index of 100 (which represents the average 1999-2006 price).

  • The green line is the United States Department of Agriculture's projection.
  • The purple line is the Organisation for Economic Cooperation and Development's projection.
  • The blue line is the United States Food and Agricultural Policy Research Institute's projection.

Although the projections vary, they all see a solid price recovery from 2009 to 2011. "Probably as an adjustment to rising feed costs," says Brussels.

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