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· EU prices fall over the festive period
· EU pig prices: pressure from processors causes price drop
EU prices fall over the festive period
By Simon King, Pig World
January 14, 2020
EU pig prices fell by 2.67 to 192.62/100kg, in the four weeks ending January 5, 2020, which belies the generally strong sentiment that still underpins the market.
Prices hit the highest level in over 20 years in week ending December15, at 197.05/100kg. The average pig price is still nearly 60 above where it was a year ago.
The price ran up sharply in December after weeks of more modest rises. This is despite as yet unsubstantiated reports that Chinese import demand has stagnated, with some downward pressure on prices Asian buyers are prepared to pay.
This follows government action to quell domestic pork prices. Chinese wholesale prices fell back a little in December, but remain extremely high. It remains to be seen if they will increase strongly again.
With EU prices falling, the gap between UK and EU prices has continued to close. For the week ended January 5, the discount of the UK price to the EU average stood at 2.93, compared with over 6 four weeks before.
Selected individual countries nations recorded price changes as follows over the four weeks:
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EU pig prices: pressure from processors causes price drop
The European pig markets are under pressure. With the exception of Denmark, prices have been falling sharply across Europe.
The Pig Site
14 January 2020
ISN reports that 2020 commenced with a backlog of supply from the holiday season thereby pushing market prices down for many EU members. In the past week, the German leading quotation initially fell by 9 cents with The Netherlands, Austria and Belgium following suit.
Other countries saw more significant price drops: the UK experienced a 7 cent decline, while Spain and France dropped 5 cents.
The Danish price stands out and has remained steady despite strong export commitments.
It is hoped that the backlog of supply will level out soon with...
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