EU pig prices: Denmark on the way to the top
The majority of quotations continue to remain steady while the Danish prices hit new highs and gain market attention.
30 October 2019
3 minute read
By: The Danes are on their way to ranking top in the five EU member countries most important in pig production. Demand for exports is very strong, resulting in a perceptible deficit in supply. Producing more than enough pigs for domestic consumption (600 times domestic demand), Denmark has traditionally been export focused but over the first half of 2019, a drop in 6.8 percent fewer pigs reaching slaughter was observed compared to the same period in 2018.
Demand from China continues steadily for most EU member countries - ISN reports that there is no sign of any change or instability in this situation.
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
Spain and France have reported minor decreases in prices but this is still better than expected considering the normal drop in prices post holiday season.
The market remains steady in Germany where high pig numbers are being met with high demand, particularly with exports.
A global 10 percent decrease in production is expected for European producers, with demand for exports increasing simultaneously.
