EU pig prices: Denmark continues positive price progress

Prices evolve positively for most EU markets this week: Denmark remains at the top and Germany faces increased demand.

12 November 2019, at 9:33am

The market prices achieved in Denmark this week can't be ignored as the Danish pork price continues its upward trajectory. ISN reports that the most recent price increase amounts to a corrected 5 cents, thus catapulting Denmark farther upward in the European price structure of the five EU member countries most important in pig production. The Belgian and British quotations are also going up slightly.

European pig price comparison by ISN
European pig price comparison by ISN

1) corrected quotation: The official Quotations of the different countries are corrected, so that each quotation has the same base (conditions).

2) These quotations are based on the correction formulas applied since 01.08.2010.

base: 57 percent lean-meat-percentage; farm-gate-price; 79 percent killing-out-percentage, without value-added-tax © ISN

Excluding Germany, unchanged quotations are reported from a number of EU markets, including Spain, the Netherlands, and Austria. The Dutch quotation is stabilising on last week’s corrected price level, which had increased five cents. A marginal price decrease is reported from France this week, however, the French draw fresh hope related to the further market development because of newly granted export permits towards China.

For as long as six weeks now, the Danish pig price has moved in one direction – upward. Over this period, the total price increase has amounted to 21.4 cents. The nearly unchangeable German leading quotation is now ranking second in the EU member countries most important in pig production.

According to AgE, the current prices achieved by Danish packers are expected to remain steady for the next four weeks.