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World Pig Price Projections Point to Recovery

by 5m Editor
6 August 2008, at 4:20pm

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.

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.

5m Editor