EU - This week, the European pig slaughter market appears unsettled.
Neighbouring countries to Germany are not able to escape the price pressure exerted by Germany. After the German quotation went down by a corrected 4 cents, the Netherlands, Belgium and Austria were also no longer able to maintain their price levels.
The quotations there went down from a corrected 3.1 to 4.8 cents.
Yet the gap between the demand for pork and the large quantities on offer seems to be most considerable in Germany. There are complaints, however, from other countries as well about weakening export activities with regard to Eastern Europe in particular.
Market participants in other EU member countries are much worried about the severe decline in prices occurring in Germany.
France and Spain especially fear for the competitiveness to diminish. As a result of scarce quantities on offer, the French slightly increased their quotation with regard to last week.
After Germany’s price decrease, France with its €1.417 ranks second again behind Spain within the five major pig-keeping EU member countries.
Unchanged quotations were reported on by Denmark and Ireland. The British quotation’s skyrocketing is directly related to the severe slump in prices with regard to the Euro.
Trend for the German market:
So far the market situation has not been able to run free completely. Marketing pigs for slaughter is only possible with a time delay until mid-week. With the quantities on offer not increasing, hope is concentrated on the second half of the week. Exporters are expected to take the easy way out for selling their goods abroad now that the Euro fell in value again.
TheMeatSite News Desk