EU pig prices slip during March
The EU average pig reference price slipped during March, falling by €3.54 in the four weeks ending 1 April to €145.06/100kg
This decline came after a strong increase during February, when supplies were reportedly tight. However, this situation was not expected to last, which is reflected in the recent weakening of the reference price. The measure currently stands at €16 below year earlier levels.
Of the key pig meat producing countries, Poland recorded the largest decline during the past four weeks, falling by €7.19, to stand at €142.83/100kg. The Netherlands, Germany and Denmark also all recorded price declines. Conversely, the Spanish and French reference prices both recorded gains, of €7.71 and €4 respectively.
The UK price increased during the four weeks ending 1 April, to €164.50/100kg. This increase was largely due to a modest strengthening of sterling. As such, the gap between the UK and EU average reference price has widened in the most recent four weeks, to €19.36. However, this is still narrower than the price difference recorded through the final quarter of 2017 and the first month of 2018.
Rebecca Oborne, Analyst
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