February Pig Market Trends out now
The February edition of Pig Market Trends (PMT) was published today.
As well as the usual summary of developments in the UK and EU pig markets and the global feed market over the last month, this month’s issue includes more detailed articles on:
- UK Outlook. The past year has undoubtedly been a challenging one for the UK, and wider EU, pig industry due to increased supplies and subdued demand. Supplies are expected to rise again in 2015, based on latest AHDB/BPEX forecasts, and demand will need to respond to avoid further price falls. This article looks at what this could mean for the pig market.
- Christmas. Grocery sales this Christmas show that shoppers took advantage of lower food prices and increased their spending. However, fresh pork was the only meat category to show a fall in overall volume purchases. Further analysis of the grocery market at Christmas can be found in this article.
- Russia. The Russian pig market is often unpredictable but even by Russian standards the last year has been unusually eventful. With pork import bans on EU, Canada & the US, supplies have been particularly tight. More recently, the devaluation of the rouble and falling oil prices have hit the Russian economy. Read our analysis of the Russian pig market in this article.
- Oil prices. The fall in nearby Brent crude oil futures to under $50/barrel, from over $115/barrel in mid-June, although now partly reversed, is likely to have far reaching effects on agriculture. This article looks at what it may mean for the pig industry.