EU Pig Prices: Downswing Continues
10.10.2014
The situation has not changed on the European pig slaughter market over the course of this week. The downswing continues.
The price decreases range from minus 1 cent in Ireland to a corrected minus 7.2 cents in Spain. This is attributed to unsatisfying meat business at large quantities of live pigs on offer.
Exports to third countries fall short of expectations as a result of the Russian ban on imports of European pork. On top of that, much pressure is again and again exerted from Germany against which other countries cannot shield themselves.
In view of the considerable price decreases that occurred over the past weeks, there is more and more demand from the EU member countries for political support.
Austria, France, Belgium and Poland ask for practical support related to relief of the market. Yet, so far they have not gained ear in Brussels.
Nikolai Fyodorov, the Russian Minister of Agriculture, emphasised as recently as last Friday that he is not willing to attenuate the boycott list unless the West alters its attitude towards Russia. The Russian government rejected some Russian meat processors’ demand for diminishing the ban on imports at the end of September. So, the Russian market is not expected to be opened again soon.
Trend For The German Market: There is light at the end of the tunnel. The missing day of slaughter on the Day of German Unity, is past now.
Reducing the backlog of quantities on offer is running at full speed. The market participants are optimistic that the market runs free over the next few days.
Positive effects are expected to be the result of the beginning of the month on the one hand with its first demand and, on the other hand, of the low Euro exchange rate, as to the European competitiveness in exports.
More details about prices look here
PigUA.info adapted from thepigsite.com
