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EU Pig Prices: Market Relaxes After Turbulence

by 5m Editor
4 November 2008, at 10:12am

EU - The European slaughter pig market can no longer be presented as weak.

While the quotations in the previous week went down to 10 cents, there is lack of decline in prices in the current week in the whole of Europe. The slight drop, recorded at 6 cents, is known to be somewhat more moderate and clear.

In Denmark, the minus falls on a reference basis more largely out than a week before. Clearly, the prices in Spain, France and the Netherlands are slightly under the Danish level - a phenomenon known to make occasional appearances. Italy seems to be reflecting the highest prices due to the fact that it is a vacation spot and at the end of each year, raw ham production runs on full speed.

The market seems relaxed after all the turbulence. It has been reported that the Netherlands is gradually exporting to Poland and Hungary. The momentary weakness has raised French voices to demand, after private store-keeping and the introduction of export reimbursements.

Trend: The light at the end of the tunnel is becoming, albeit slowly, visible. Since the offer quantities are continuing to rise, entitled hope exists that the low point is reached shortly.

Week ESP D NL DK F B PL CZ IT AUT GB SWE IR
38 KW 1,670 € 1,686 € 1,658 € 1,549 € 1,597 € 1,600 € 1,847 € 1,846 € 1,943 € 1,680 € 1,657 € 1,574 € 1,654 €
39 KW 1,626 € 1,646 € 1,629 € 1,522 € 1,568 € 1,575 € 1,771 € 1,796 € 1,918 € 1,660 € 1,676 € 1,570 € 1,654 €
40 KW 1,585 € 1,646 € 1,629 € 1,495 € 1,560 € 1,575 € 1,701 € 1,780 € 1,880 € 1,660 € 1,660 € 1,520 € 1,616 €
41 KW 1,534 € 1,646 € 1,609 € 1,495 € 1,563 € 1,600 € 1,581 € 1,727 € 1,880 € 1,660 € 1,708 € 1,518 € 1,597 €
42 KW 1,497 € 1,646 € 1,590 € 1,470 € 1,554 € 1,575 € 1,543 € 1,746 € 1,930 € 1,660 € 1,654 € 1,505 € 1,559 €
43 KW 1,436 € 1,586 € 1,532 € 1,470 € 1,500 € 1,514 € 1,432 € 0 1,930 € 1,580 € 1,641 € 1,449 € 1,559 €
44 KW 1,398 € 1,496 € 1,454 € 1,441 € 1,437 € 1,415 € 1,557 € 0 1,861 € 1,490 € 1,549 € 1,454 € 1,520 €
45 KW 1,341 € 1,436 € 1,396 € 1,403 € 1,377 € 1,353 € 0 0 1,861 € 1,430 € 1,587 € 1,450 € 1,520 €


Corrected Quotations - 2008

Corrected Quotations - 2007/08


Explanation
1 corrected quotations:
The official quotations of the individual states are by corrections on a common reference basis
Reference basis: 56% MFA; off yard; 79% robbing, no VAT