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Down Swing in EU Pig Prices Continues

10 October 2014
Go to schweine.net

EU - The situation has not changed on the European pig slaughter market over the course of this week as the down-swing continues.

The price decreases range from one cent in Ireland to a corrected 7.2 cents in Spain.

This has been put down to the large numbers of pigs that are on offer.

Exports to third countries are falling short of expectations because of the Russian ban on imports of European pork. On top of that, there is a lot of pressure being exerted by Germany against which

Because of the large price drops over the past weeks, demand from the EU member countries for political support has grown.

Austria, France, Belgium and Poland have asked for relief support but at present Brussels does not appear to be listening.

The Brussels authorities see no reason for support at this time. 

According to Broederij, Nikolai Fyodorov, the Russian Minister of Agriculture, said last Friday that he is not willing to relax the boycott list unless the West alters its attitude towards Russia.

The magazine said that the Russian government rejected some Russian meat processors’ demand for a relaxation of the ban on imports at the end of September.

The Russian market is not expected to be reopened soon.

Trend For The German Market:

There is light at the end of the tunnel for the German pig meat sector. The day lost for slaughter on 3 October, the Day of German Unity, is past now.

The reduction in the backlog of the numbers on offer is running at full speed. Those in the market are optimistic that the market will run freely over the next few days.

Positive effects are expected to be seen at the beginning of the month in both demand and a low Euro exchange rate helping to boost the European competitiveness in exports.

 

WeekDENLDKBEFRPLCZITESATGBIR
Week 34 1.576 1.491 1.560 1.544 1.625 1.563 1.619 1.922 1.865 1.540 1.799 1.594
Week 35 1.576 1.481 1.560 1.532 1.622  1.564  1.616 1.829 1.847 1.540 1.803 1.555
Week 36 1.596 1.491 1.560 1.544 1.604 1.565  1.622  1.786 1.822 1.540 1.827  1.555
Week 37 1.596 1.481 1.562 1.532 1.590 1.539 1.631 1.749 1.794 1.540 1.828 1.545
Week 38 1.546 1.443 1.535 1.470 1.555  1.501 1.612 1.729 1.752 1.489 1.811 1.545
Week 39 1.446 1.329 1.508 1.371 1.497  1.420  1.574 1.689 1.679 1.386 1.835 1.507
Week 40 1.406 1.291 1.454 1.322 1.452    1.535 1.672 1.609 1.345 1.787 1.507
Week 41 1.346 1.234 1.400 1.260 1.409     1.633 1.537 1.314 1.740 1.497

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