EU pig prices on an upward trend
During the four weeks to 22 June, EU pig prices increased, reaching the highest point for the year so far. Prices across all the key Member States rose during the last four weeks, with increases ranging from around €5-10 per 100kg.
During the four weeks to 22 June, EU pig prices increased, reaching the highest point for the year so far at €171.10 per 100kg. This was around €5 higher than the start of the month and close to June 2013 levels but was still well below the peak recorded last September. Strong orders from Asia have helped to mitigate the loss of the Russian export market. Improving weather conditions have brought the barbecues out in northern Europe, stimulating demand here. The onset of the holiday season will also have helped demand in southern Europe. This led to prices resuming their upward trend as May gave way to June. With prices rising again, the gap between EU and UK prices narrowed to €27 in the latest week, down from €41 in March. The gap would have been narrower still but for the strong pound, which has added around €8 to the UK price in euro terms since the turn of the year.
Prices across all the key Member States rose during the last four weeks, with increases ranging from around €5-10 per 100kg. For example, Dutch and Belgian prices recorded the largest increases, up by €10 in the four week period. After a slowdown in late May, pig prices in France and Spain showed an increase of €6-7 in the last three weeks. As well as improving demand, tight supplies in the EU helped push prices up across the continent, where the largest pig producer, Germany, also recorded a €8 increase in the four week period ended 22 June. Likewise, pig prices in Denmark and Poland rose by €6 and €9 during the same time.