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EU Pig Prices: Scarce Supply Makes Prices Go Up

by 5m Editor
24 January 2012, at 10:40am

EU - In line with the German quotation, which went up by 9 cents on Friday, the prices in other EU member countries also increased.

In the Netherlands and in Austria, the market is only narrowly supplied, and thus the slaughter companies’ demand cannot be covered sufficiently. Consequentially, the prices went up by 9 cents in the Netherlands and by 8 cents in Austria. In Belgium too, a clear mark-up of plus 7 cents could be pushed through. The prices in Denmark did not go up this week, but from there as well decreasing supply is reported about. In France and Spain, the prices also remained on last week’s level.

As a result of the German and Dutch price increases, the gaps between the individual European quotations narrowed considerably this week. Germany is now leading the ranking list of the five most important pig producers in Europe, closely followed by Spain, Denmark, the Netherlands and France.

Trend for the German market: At present, all that happens is strongly influenced by the live-animals’ market given its scarce supply. In the face of the steady demand for pigs mature for slaughter, the slaughter companies’ statement cannot be understood that the meat business were very unsatisfactory. As a result of the scarce supply, the slaughter companies should soon be able to pass on the increased start-up costs to the next level in the process. At the beginning of the week, the pigs are well demanded even at the new market price and too little quantities are available. Thus, further price increases are expected to be the consequence.

Week D NL DK B F PL CZ IT ESP AUT GB SWE IR
Week 48 1.576 € 1.513 € 1.614 € 1.556 € 1.578 € 1.502 € 1.584 € 1.873 € 1.571 € 1.479 € 1.658 € 1.226 € 1.411 €
Week 49 1.576 € 1.522 € 1.615 € 1.556 € 1.555 € 1.531 € 1.677 € 1.842 € 1.565 € 1.479 € 1.678 € 1.249 € 1.411 €
Week 50 1.576 € 1.522 € 1.615 € 1.556 € 1.567 € 1.582 € 1.651 € 1.829 € 1.565 € 1.479 € 1.703 € 1.153 € 1.411 €
Week 51 1.576 € 1.522 € 1.561 € 1.544 € 1.539 € 1.632 € 1.677 € 1.829 € 1.546 € 1.479 € 1.717 € 1.151 € 1.411 €
Week 52 1.496 € 1.446 € 1.534 € 1.482 € 1.499 € 1.613 € 1.674 € 1.778 € 1.527 € 1.417 € 1.697 € 1.107 € 1.411 €
Week 01 1.496 € 1.446 € 1.534 € 1.482 € 1.473 € 1.568 € 1.622 € 0 1.502 € 1.396 € 1.658 € 1.114 € 1.411 €
Week 02 1.406 € 1.369 € 1.493 € 1.421 € 1.465 € 1.533 € 1.589 € 1.665 € 1.493 € 1.335 € 1.630 € 1.070 € 1.411 €
Week 03 1.406 € 1.369 € 1.466 € 1.408 € 1.440 € 1.469 € 0 1.665 € 1.470 € 1.335 € 1.570 € 1.064 € 1.411 €
Week 04 1.496 € 1.455 € 1.466 € 1.482 € 1.440 € 0 0 1.551 € 1.470 € 1.417 € 1.523 € 1.077 € 1.411 €


Explanation
1corrected quotation: The official Quotations of the different countries are corrected, so that each quotation has the same base (conditions).
base: 56 per cent lean meat; farm-gate-price; 79 per cent killing out percentage, without value-added-tax (VAT)