EU Pig Prices: Germany pulls down several neighbouring countries’ price levels
Over the past few days, the pigs-for-slaughter quotations proved to be varying very much in the different European markets. In some countries, such as, for instance, Spain, Denmark, France, Ireland and Sweden, the quotations remained on an unchanged level. Triggered by the blatantly obvious German price decline (minus 7 cents) which had been caused by, amongst other reasons, the house prices introduced by a number of large slaughter companies last weeks, various neighbouring countries (such as the Netherlands, Belgium and Austria) make price corrections this week. Yet, those price decreases, showing a range of 3 to 6 cents, were more moderate than the German drop in prices. Within in the European price structure, Germany now even falls behind Denmark and France.
In the neighbouring countries, the German price development is often said to have negative influence on their domestic markets. So, for instance, the Austrian pork market was stirred no earlier than after the German house prices had been published. But even this price level, which is disastrously low from the pig keepers’ point of view, seems to be still too high for one major Dutch and German slaughter company – there the German suppliers are paid no more than EUR 1.52 per kg. The Spanish producers express their disappointment about the fact that the previous years’ summerly price increase could not be realised so far this year.
Trend for the German market: After the massive fall in prices, supply and demand prove to be well balanced these days. With the starting of the summer holidays in North Rhine-Westphalia, the German holiday season has now reached the peak. So the demand for pork is not expected to deteriorate. Quite the contrary: With the weather announced to get better, the demand for barbecue meat is anticipated to increase.
EU price comparison 26.07.11 eng
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