Challenging times for EU pig producers
Read our latest analysis of the EU market situation and prospects for the coming months.
This time last year, EU pig producers were expecting 2014 to be a positive year. Then came ASF in Poland and the Baltic States and the subsequent Russian ban on imports of pork products from the whole EU. By mid-October, the EU average price was at its lowest level since early 2011 and, despite feed prices also being at a 4-year low, most EU producers were back in the red.
So what does the future hold? Latest EU forecasts suggest supplies will remain relatively tight but this may not be sufficient to provide much support to prices as the Russian ban is now beginning to bite. The extent of any price falls will depend on global market developments such as the extent to which PEDv cases build up again this winter and the level of import demand from China.
Read more about prospects for the EU pig market in the coming months in the document below.