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EU pig prices: Large supplies and distortion

by 5m Editor
4 October 2007, at 12:57pm

EU - The European finished pig market continues to be affected by oversuply. At the same time, the companies’ slaughter lines are running at full speed.

Apart from unchanged quotations reported from Austria and Germany, slight decreases were observed in Belgium, the Netherlands and France. Danish exporters are being influenced by British Sterling rates, which have suddenly weakened. Hams are moving towards Great Britain, which is of considerable significance for the Danes. As a result, quotations fell to some extent in Denmark.

Census results show that pig stock numbers have increased by seven per cent in Spain. Correspondingly, large quantities of slaughter pigs are available on the Spanish market. To relieve the situation, Spain is exporting an increasing number of slaughter pigs to Italy. This way, however, the Spanish become a competitor for Dutch exporters ever more.

All told, exports continue to be good with regard to volume quantities, thus giving some relief to the pressured European market. The Russian market, in particular, has recently proved to be more capacious than it was some time ago.

Source: Schweine.net

5m Editor