Pig price in the EU continues to grow
Live pig prices have made another jump last week in the EU market, with an average increase of €0.07. "The main demand impulses are: lifting the restrictions on Covid-19, favorable weather for the start of barbecue activity, the upcoming holiday season and an increase in supplies to Asian countries (except China). Growing demand coincided with a reduced supply of live pigs, rising costs of production, transport, energy and feed, which were further increased as a result of the war in Ukraine and logistical problems. Liquidation of the sow population in the European Union, which the market experienced due to the lack of profitability of production for many months, resulted in a drop in livestock production," informs PolPig.
According to the report, a lower supply of pigs will be conducive to increases in purchase prices in the coming weeks. The dynamics of the increase in purchase prices in the last week was lowered. The largest increases in price lists compared to the previous week were recorded in France (+ 11 ₵), Belgium (+ 10 ₵), Austria (+ 10 ₵), Denmark (+ 8 ₵) and Spain (+ 8 ₵), where dissatisfied farmers protested in Madrid, and the truck drivers' strike further exacerbated the logistical problems. More moderate price increases were recorded in the Netherlands (+ 5 ₵), reports ISN. The European market is also recording an increase in pork prices.
In Germany, the live pig market is still influenced by the low supply of livestock and the lively demand from slaughterhouses. In the VEZG quotation on 23/03/2022, the price increased to 1.92 € / kg (+ 7 ₵) in post-slaughter weight.
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