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Photo of EU pig prices strengthening

Bethan Wilkins

Analyst

AHDB Pork Market Intelligence

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EU pig prices strengthening

Home \ Prices & Stats \ News \ 2014 \ May \ EU pig prices strengthening

In April, EU pig prices recovered from the sharp ASF-related declines in February and early March. Provisional figures showed that the EU pig price averaged around €163.50 per 100kg in April, up around €8 from the previous month.

In April, EU pig prices recovered from the sharp ASF-related declines in February and early March. Provisional figures showed that the EU pig price averaged around €163.50 per 100kg in April, up around €8 from the previous month. Part of the increase is demand driven, with EU consumption helped by the favourable weather conditions and the public holidays at the end of the month. However, EU pig prices in April were generally below last year’s level for the same month, as the Russian ban on EU imports continued to have some impact. By the end of the month, EU pig prices reached €163.77 per kg, for the week ended 27 April. For the same week, the UK pig price had picked up marginally to €191.23 per kg, a price differential of over €27, down from over €40 in late February. 

EU pig prices strengthening

For the week ended 27 April, pig quotations showed increases in all the key EU markets compared with the last week of March. Amongst the key markets, the largest rises were recorded in France and Spain, up €10 and €8 respectively. This was a result of strengthening domestic demand, as is typically the case at this time of the year, while export markets also showed positive performance, with a particular increase in demand from the Asian markets.  Meanwhile, in Germany, Denmark and Poland, pig prices rose at a somewhat slower rate, up by €4 in the four week period, as dull weather limited barbecue demand.