EU Pig Prices: Positive Signs from Germany17 April 2013
EU - This week, the prices on the EU slaughter pig market appear to vary. Yet, as a trend, there is a North-South divide, with quotations tending to weaken in Southern Europe and prices tending to rise in the northern and central parts of Europe.
A +2 cents price increase is likely to take place in Germany with regards to commercial transactions in the fresh meat industry. For the similar reason, quotations went up by +1 cent in Belgium and in the Netherlands. The most considerable price increase was recorded in Great Britain with its converted +3 cents.
In Austria, cold storages and weakening sales simultaneously stopped a price increase from taking place.
In France, too, the quantity of slaughter pigs is larger than what is needed in terms of demand. Exports in particular seem to be causing problems. Accordingly, the Plerin auction closed at a converted 2 cents below last week’s results.
Italy has reported problems with domestic ham sales. This is because of the strained economic situation in the country. Since many producers are afraid of further price decreases, pigs are partly sold ahead of time. So, the quantities on offer are accordingly extensive.
For as long as six weeks, the price has been stagnating on a comparatively high level in Spain. Exports to Russia, which bullied prices at the beginning of the year, started stuttering, thus being opposed to further price increases.
Trend for the German market: Producers are hoping that the penny will drop with the first slight price increase and the springlike temperature. Demand appears to be smooth even as quotations rise ever so slightly. The question of whether or not further price increases can be achieved remains unanswered.
|Prices in Euros (€)|
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)