EU Pig Prices: Waiting for Price Increases – Exports to China are Being Restarted
The European pigs-mature-for-slaughter market is still developing in an inconsistent way. Both steady trends and increasing quotations are being found on the various EU member countries’ markets. While unchanged quotations are observed in central Europe, the price barometers are obviously going upward in the southern and northern European regions.
Spain continues to be a step ahead, continuing the seasonal increase of quotation by a corrected 2.8 cents and thus further outpacing the rest of Europe. On the one hand, the quantities of live pigs on offer are considerably lower than would be needed to match demand. Meanwhile the demand for pork from China has gone up, according to the exporters. As is said, the prices in China had recovered, allowing exports to be revived.
The improved export situation is also emphasised by the Danish quotation’s plus for pigs for slaughter. So, the quotation in this strongly export-oriented EU member country went up by a corrected 2.7 cents over this week of slaughter. This way, the Danish quotation is outpacing its Dutch counterpart, which is now bearing the red light again in the EU price structure of the five EU member countries most significant in pig keeping.
In France, the pigs-for-slaughter quotation is getting steady, yet showing a marginal plus. Compared with last year’s figures, the actually high slaughter weights are going down slowly, as is reported. Unchanged quotations are reported on from the Netherlands, Belgium, Austria, Great Britain, and from Germany as well.
Trend for the German market:
At the beginning of this week, the current market situation appears in a basically friendly way. Pigs for slaughter continue to be in demand, and the marketers still have large purchasing potentials. It remains to be seen over the next days whether or not room is finally left.
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