German pig prices stabilise as abattoir starts work after coronavirus

 

Reporting by Michael Hogan, editing by Emelia Sithole-Matarise, Reuters†††

July 23, 2020

 

HAMBURG (Reuters) - German pig prices stabilised this week following heavy falls, with the market underpinned as a huge German slaughterhouse reopened after a coronavirus outbreak, a farming association said on Thursday.

 

The Toennies slaughterhouse and meatpacking plant in Rheda-Wiedenbrueck resumed operations last week after being closed for around a month when more than 1,500 workers tested positive for COVID-19.

 

The closure caused a slump in German pig prices as farmers scrambled to find slaughterhouses for their animals. Abattoirs and meatpackers cut their pig purchase prices because of the extra demand.

 

But pig prices have remained unchanged this week around 1.47 euros a kilo after Toennies reopened, the German pig farmersí association said...

 

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https://www.reuters.com/article/us-health-coronavirus-germany-pigs/german-pig-prices-stabilise-as-abattoir-starts-work-after-coronavirus-idUSKCN24O0T9