EU pig prices: markets take a breather after consistent price increases
Despite several weeks of rising prices, the markets took a breather this week with the majority of prices unchanged from last week.
10 March 2020
2 minute read
By: The ISN reports this week that the uncertainties over the coronavirus outbreak are impacting pork markets, hence the plateau in prices. There are still restrictions on exports of pork to Asia, so local cold stores are very full. Add to this the nationwide lock-down in Italy which has resulted in logistical problems - some sausage factories are even said to be in quarantine.
The Netherlands, Denmark, Belgium and Austria followed Germany's lead and prices remained stable.
The Spanish and French quotations bucked the general trend and continued to rise. The corrected British quotation fell solely due to currency fluctuations.
There were no changes in the European price structure of the five EU member countries most important in pig production. The corrected Danish quotation remains at the top, while France is at the bottom.
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.
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ISN
