Weaner prices in Europe are skyrocketing
The "pig meat vortex" created by China in the global market is having a big impact in the EU weaner market, where prices are exploding. In just one month and a half, the average price has jumped from €53.58/head to €63.75/head.
"The weaner market usually strengthens at this time of year, but the latest price is the highest on record. The lively market for finished pigs has undoubtedly influenced the weaner market, which has unusually been on an upward trend since mid-August. Weaners have increased in value by 27% in that time, no doubt supporting the profitability of EU piglet producers. Noticeably, the stronger rising trend in finished pig prices in the past two weeks has also been reflected in the weaner price. The recent extensive growth in the EU average weaner price was encouraged by large rises from several key markets," commented Bethan Wilkins, senior analyst, AHDB.
The largest variations in prices were seen in the Netherlands (+€19.50), Belgium (+€17.00), Spain (+€15.56) and Germany (+€12.00).
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