Spanish growth tempered by falling prices
Read our latest analysis of the Spanish pig market.
Despite lower domestic demand for pig meat, Spain slaughtered 3% more pigs in the first nine months of this year. The June census suggests some optimism in the industry at the time, partly a result good producer margins in the first half of the year, given some of the lowest production costs and highest pig prices in the EU. However, since the summer, prices have fallen to their lowest point in four years; at €134 per 100kg in early December the Spanish price was below the EU average. Nevertheless, Spain’s success at diversifying its export markets, coupled with the low production costs, could mean its industry is better placed to weather the current storm in the EU pig market than some of its competitors.
To read our analysis of the Spanish pig market in more detail, download the document below.