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EU Pig Prices: Scarce Supply and Steady Prices

by 5m Editor
21 February 2012, at 10:41am

EU - Throughout Europe, the pig market features scarce supply. As a consequence, the quotations appear to be steady to clearly increasing.

In France and Spain in particular, supply is insufficient and does not satisfy the good demand. Along with this came a 6 cents’ price increase in those countries. From both countries positive impulses are reported about to be generated on the meat markets.

This goes for export commodity in particular. Given such price increases, France and Spain clearly take the lead in the European ranking list. Prices in Italy went up by 5 cents, in Belgium by 3 cents. Mostly steady prices are prevailing in the northern countries of Europe.

The prices remain unchanged in Germany, the Netherlands, Denmark and Austria. However, the major German slaughter companies adapted their prices to the level of the concerted prices and do not make strike prices this week.

Trend for the German market: Currently, the price level is being strengthened by the below-average supply. Positive signs are set by the pork export business. Thus, the prognoses are further brightened. For that reason, the prices are expected to remain at least steady the week ahead.

Week D NL DK B F PL CZ IT ESP AUT GB SWE IR
Week 01 1.496 € 1.446 € 1.534 € 1.482 € 1.473 € 1.568 € 1.622 € 0 1.502 € 1.396 € 1.658 € 1.114 € 1.411 €
Week 02 1.406 € 1.369 € 1.493 € 1.421 € 1.465 € 1.533 € 1.589 € 1.665 € 1.493 € 1.335 € 1.630 € 1.070 € 1.411 €
Week 03 1.406 € 1.369 € 1.466 € 1.408 € 1.440 € 1.469 € 1.547 € 1.665 € 1.470 € 1.335 € 1.570 € 1.064 € 1.411 €
Week 04 1.496 € 1.455 € 1.466 € 1.482 € 1.440 € 1.466 € 1.560 € 1.551 € 1.470 € 1.417 € 1.523 € 1.077 € 1.411 €
Week 05 1.546 € 1.503 € 1.466 € 1.532 € 1.497 € 1.534 € 1.560 € 1.557 € 1.502 € 1.468 € 1.494 € 1.063 € 1.411 €
Week 06 1.546 € 1.513 € 1.493 € 1.532 € 1.558 € 1.596 € 1.572 € 1.563 € 1.545 € 1.468 € 1.529 € 1.069 € 1.411 €
Week 07 1.546 € 1.503 € 1.521 € 1.532 € 1.594 € 0 1.573 € 1.589 € 1.594 € 1.468 € 1.495 € 1.074 € 1.411 €
Week 08 1.546 € 1.503 € 1.520 € 1.556 € 1.653 € 0 0 1.639 € 1.650 € 1.468 € 1.528 € 1.071 € 1.411 €


Explanation
1corrected quotation: The official Quotations of the different countries are corrected, so that each quotation has the same base (conditions).
base: 56 per cent lean meat; farm-gate-price; 79 per cent killing out percentage, without value-added-tax (VAT)


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