EU

EU live pig prices are increasing for another week

Pork

An increase of €0.25/kg w-o-w was seen in markets such as the Netherlands, Belgium and Austria, while Germany added another €0.10 per kilo compared to last week.

Posted on Mar 21 ,13:09

EU live pig prices are increasing for another week

The prices of fattening pigs are growing at different rates in the EU countries. Last week, the Netherlands, Belgium and Austria recorded very high increases of €0.25/ kg in slaughter weight. Smaller price increases occurred in Germany (€0.10) Spain (€0.08), France (€0.06), Denmark (€0.05).
"The supply of live pigs on the EU market is insufficient. Meat plants are not able to use their full processing capacity. In many countries, processors complain that they cannot transfer the higher purchase prices of raw material to retail chains. Everything indicates that such a market layout will be dominant not only before Easter but also later this year," Polish pig producers commented in a press release from PolPig.
In Poland, live pig prices have also increased reaching €1.81/kg, close to those reported in the German market (€1.85). "In the perspective of the coming weeks, prices in Poland should increase due to the lower supply of livestock, the upcoming holiday season and the announced private storage program in the European Union countries.
The problem that has now become a priority in the EU is not to store EU pork for several months, but to provide sufficient feed for the animals kept. In addition, pig producers need a financial injection to be able to cope with the rising costs of production and the logistic challenges that emerged after the unleashed war in Ukraine. In our opinion, private storage will not solve these problems," PolPig representatives commented.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

INTERNATIONAL

How Ammeraal Beltech's uni DTB revolutionised production at Dovecote Park

Dovecote Park, a family-owned business renowned for producing premium British beef, veal, and ven...


Read more Read more
AUSTRALIA

Another strong year for Australian beef

Production Australia had a strong year for beef production in 2024, producing a record 2.57 mill...


Read more Read more
USA

US: NCBA outlines trade priorities in ways and means hearing

In the hearing titled, American Trade Negotiation Priorities, Kirkland highlighted the benefits o...


Read more Read more
Websolutions by Angular Software and SpiderClass