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4.7 Percent Fall in Supply this Autumn Predicted

by 5m Editor
24 September 2008, at 9:10am

BRUSSELS - The European Commission is forecasting a 4.7 percent fall in pig production across the European Union in the final quarter of this year, reports NPA general manager Barney Kay, on his return from yesterday's meeting of the COPA (Committee of Professional Agricultural Organisations) pigmeat working group.

European pigmeat imports are running at around 2,000 tonnes a month more than last year but exports of pigmeat are up 48 percent, comparing July 2007 with July this year.

Most countries expect better prices this autumn as supplies tighten but they see the biggest impact being felt in the first half of next year. All agree the price rises seen so far have not been sufficient to return producers to profit.

Weaner prices have started to improve on the continent, but are not yet near the levels of 2006. However weaner producers are getting closer to profit following two extremely difficult years.

5m Editor