EU Pig Prices: Quotations Going Up
21.02.2013
EU — The price increase that was heralded throughout the EU last week continues to go on this week.
The price increases range from 1 cent (in the Netherlands) to a maximum of 5.5 cents (in France).
Last week, the French quotation did not show an upward trend, but as a result of the large jump in prices, France and Denmark are now competing almost neck and neck.
The German quotation is overtaking the Danish price by a little over 3 cents, now ranking second after Spain, among the 6 major pig producing countries in the EU.
The Spanish quotation has almost reached the 1.80 euro limit. Currently, slaughter weights are decreasing in Spain.
In view of growing slaughter capacities and good export opportunities resulting from the Chinese New Year celebrations as well as from American restrictions on exports to Russia, Spain appears to be optimistic.
Trend for the German market: The quantity of slaughter pigs being on offer in Germany continues to be manageable. Pigs mature for slaughter can be sold, so producers are recommended to not get into internal prices.
