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Photo of EU reference price rises once again

Bethan Wilkins

Analyst

AHDB Pork Market Intelligence

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EU reference price rises once again

Home \ Prices & Stats \ News \ 2017 \ July \ EU reference price rises once again

The average EU pig reference price climbed once again in the four weeks ending 25 June, to the highest level since October 2013. 

At €176.97/100kg, the current quote is €1.43/100kg up on the week ending 28 May. While the rate of the increase has slowed, compared to the four weeks ending 28 May, the price remains €21.79/100kg higher than the same week in 2016. Over the past month it has been heating up across the continent which will have brought some associated barbeque demand for pork.

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On an individual country basis, Denmark, Poland, the Netherlands and Germany all recorded marginal price increases (less than €1/100g) in the four weeks ending 25 June. French prices recorded a modest €1 gain over the same time frame to stand at €160/100kg, while the Spanish reference price climbed by nearly €6, standing at €172.92/100kg in the week ending 25 June.

The UK reference price recorded a marginal increase (0.2%) over the same time frame and stood at €184.10/100kg in the week ending 25 June. Nonetheless, with the pound slipping further against the euro, in sterling terms the UK reference price recorded a larger gain (1.4%) over the past four weeks, reaching £161.74/100kg in the week ending 25 June.

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Millie Askew, Senior Analyst (Red Meat)

millie.askew@ahdb.org.uk, 024 7647 8968