EU supplies plentiful in January
EU pig meat production was down just over 1% year on year in January, at 1.96 million tonnes. However, with one working day fewer this year, that is equivalent to a growth of around 4% on a per working day basis.
This supports forecasts that supplies would remain up on year earlier levels in early 2016. Similarly, pig slaughterings were down 2% on January 2015, at 21.35 million head, but this was effectively an increase in supplies of over 2%.
Most leading producers recorded lower output in January 2016 than a year earlier, with Germany producing 5% less, France down 1% and the Netherlands down 2%. However, as was the case for much of last year, Spain bucked the general trend, with its output up 2% despite the shorter working month.
Early figures for February from some Member States indicate a 3% rise in production but this represents something of a tightening of supplies, given the extra day this February due to the leap year.
Stephen Howarth, Market Specialist Manager
Stephen.email@example.com, 024 7647 8856