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EU prices keep creeping up

by 5m Editor
6 June 2007, at 8:57am

EU - The situation in the European finished pig market continues to improve with decreasing numbers of pigs coming forward in many European countries.

In France and Spain numbers are nowhere near enough to fill processor demands and consequently pig prices there are up by three to five cents - and climbing.

This positive trend is also apparent in central Europe and it's pulled back the export trade for live pigs from areas like Brittany and the Netherlands. The regions usually supply huge numbers to Germany.

Trade has almost come to a standstill because of the shortage in home markets.

Pig prices in the Netherlands and Germany have increased moderately by around two cents a kg, and producers are pleased with the upturn in the market. Quotations for the coming weeks remain unchanged and so prices look set to remain firm. However, concern is mounting over imports (cuts and caracases) from Eastern Europe, which forecasters feel will be sucked in to fill EU demand.

Meat prices sticking

The meat trade is still to gain momentum. Wholesale prices into the retail and food service sectors are largely unchanged with only slight increases reported at the top end of the market. Forecasts however, say the market situation at farm gate/processor level will eventually filter through and lift prices's for traders.

5m Editor