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Spain Expects 35% Price Increase in Six Months

by 5m Editor
30 September 2008, at 4:24pm

SPAIN - A fall of 4 per cent in pork output is predicted over the next three months.

Producers will welcome the boost this gives to their prices as feed prices have not yet started to drop (feed companies bought their raw materials in June and July when prices were still high).

Cheaper feed is expected from November onwards.

Like their British counterparts, producers hope to return to profitability towards the end of the year.

They expect a 23 percent increase in price in the final quarter, compared to the last quarter of last year. And they are forecasting a further increase of 12 percent in the first quarter of next year.

5m Editor