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2012 Record Year for French Pig Prices

19 February 2013

GLOBAL - The UK has finally received a letter of approval from Australia, authorising pork pork exports. According to BPEX, the timing is perfect as a small mission has made its way to the country on Monday, 18 February.

According to BPEX's Export Bulletin for week 7, France reports that 2012 was a record year for pig prices. Production fell and cereal prices rose. As a result, the average pig price reached €1.454, 11 per cent higher compared to the previous year. However, despite this rise, Inaporc's president, Guillaume Roué, says that a 15-per-cent rise is a must to cover costs.

Lower pig prices have been forecast for Denmark in 2013. This is due to the predicted fall in global production as a result of higher feed prices not materialising. Last year, pig farms achieved an average increase in earnings of €100,000. Gross profit increased by almost 25 per cent.

The German animal welfare authority has launched its own star rated welfare labelling scheme for pigs [click here]. The results of the national census show a 2 per cent increase in the number of pigs.

The USDA's Country Report on Japan predicts a slight decline in pork production in 2013 because of rising feed costs. Last year, the January-September Japanese slaughterings went up by 2 per cent. However, a drop in slaughterings in the fourth quarter of 2012 are predicted to lead to a marginal increase during 2013. The USDA report also forecasts a slight drop in pork imports this year.

Russian pork producers are facing financial losses due to high feed costs. A point to be noted is that pork prices are considerably higher than EU prices and efficient producers are very profitable. However, there are many Russian producers who lack in efficiency.

Meanwhile, the Ukrainian Ministry of Agrarian Policy and Food has forecast a 2.2 per cent increase in pig population, aggregating to 7,681,000 pigs in 2013. The main factor leading to this increase is the implementation of a State support programme in the sphere of meat production.

Further Reading

You can view the full report by clicking here.

TheMeatSite News Desk

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