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EU Pig Prices: Hardly Moving – Steady Prices

18 November 2014, at 10:21a.m.

EU - Compared to last week’s prices, the prices remain unchanged in most of the countries.

The Dutch and Irish prices went down by no more than one corrected cent per kg slaughter weight, while the British lowered their price by a corrected six cents per kg slaughter weight.

Yet, this kind of severe price decrease must be attributed as well to changes in currency exchange rates.

Even the British piglet prices are decreasing at the moment, because usually less animals are being housed inside.

Steady market situations are reported on, however, from other EU member countries. Supply and demand are balanced on a high level; so the prices keep stagnating.

Moving closer toward the Russian market seems rather less than more likely again after the unsuccessful negotiations conducted between EU representatives and Vladimir Putin during the G20 Summit held in Australia most recently.

On top of that, pig exports from Belarus towards Russia were again banned for health reasons.

Instead, the Russian federal inspectorate for animal and plant health Rosselkhoznadzor considers to rather open up towards imports from South Korea and India.

Trend for the German Market:

After the domestic pig market had been exerted short-period pressure on last week, the marketers now report on vivid sales again of the pigs on offer.

For that reason, the quotation may be expected to remain unchanged.

WeekDENLDKBEFRPLCZITESATGBIR
Week 40 1.406 1.291 1.454 1.322 1.452 1.407 1.535 1.672 1.609 1.345 1.787 1.507
Week 41 1.346 1.234 1.400 1.260 1.409 1.395 1.457 1.633 1.537 1.314 1.740 1.497
Week 42 1.346 1.225 1.400 1.260 1.380 1.409 1.439 1.615 1.493 1.314 1.709 1.459
Week 43 1.346 1.244 1.400 1.285 1.375 1.407 1.411 1.615 1.478 1.314 1.709 1.459
Week 44 1.346 1.253 1.399 1.297 1.371 1.387 1.401 1.663 1.455 1.314 1.665 1.459
Week 45 1.346 1.253 1.427 1.297 1.367 1.369 1.391 1.682 1.455 1.345 1.656 1.459
Week 46 1.346 1.263 1.428 1.297 1.367 1.682 1.455 1.366 1.633 1.430
Week 47 1.346 1.253 1.427 1.297 1.370 1.682 1.455 1.366 1.574 1.420