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EU pig prices: demand from China balancing European market

European pig prices are mostly unchanged this week due to balanced markets and continued high demand from China.

18 October 2019, at 2:38pm

ISN reports that the price decline usually observed in the Autumn is still holding off with unchanged prices observed in many countries. The booming export business shores up the European pig prices, even with extensive quantities of live animals on offer. Chinese demand is still high and is expected to remain so in coming months. Exhibitors who participated in the Cologne Anuga Fair last week are reporting on a remarkable rush of interested potential Chinese buyers.

© ISN

Due to the export situation, the Danish quotation continues its upward trend which commenced last week. The Danes are now ranking third (ahead of Germany) in the European price structure of the five EU member countries most important in pig production. Based on the export and demand situation, and because of the starting of slaughters at the new Pini slaughterhouse, the Spanish quotation went down less than predicted. The Italian Pini company has put money into building a new site in Catalonia, that is why the Spanish quotation is being outpaced by France and is now ranking second in the list.

European pig-price-comparison by the ISN
European pig-price-comparison by the ISN

1) corrected quotation: The official Quotations of the different countries are corrected, so that each quotation has the same base (conditions).

2) These quotations are based on the correction formulas applied since 01.08.2010.

base: 57 percent lean-meat-percentage; farm-gate-price; 79 percent killing-out-percentage, without value-added-tax © ISN