EU pig production remains up in Q2
EU pig production in the second quarter of 2018 is up, by 190,000 tonnes (+3%), compared to the same period last year to total 5.8 million tonnes (including some estimated figures).
This is a result of increased pig slaughterings, up 3% (+1.8 million head) during the period to total 63.4 million head, and a slight increase (+400g) in carcase weights to 92.2kg.
Production has been up for much of the year throughout Europe and this trend continues. In the first half of the year, EU pig meat production is up 4% (+430,000 tonnes) to total 12 million tonnes. During the period, slaughterings totalled 130 million head, a 3% (+3.5 million) increase on the year.
Increased production throughout Europe in the latest quarter has been driven by Spanish pig production, totalling 1.1 million tonnes, up 10% (+110,000 tonnes) compared to 2017. Growth in Polish production remains positive, up 5% (+26,000 tonnes) to total 500,000 tonnes. Germany accounted for 22% of total EU production during the second quarter, however production was down slightly, by 2% (-30,000 tonnes) to total 1.3 million tonnes. This continues a long term trend of declining production within Germany, with the industry uncertain about the prospects of the sector going forward.
In recent weeks the EU reference pig price has been rising steadily, up almost 9 cents in the last 4 weeks. As of the week ending 2 September the price stands at €152.27/100 kg. Despite the recent prices rises the price remains €18 below the same week of 2017.
Tom Forshaw, Analyst
Tom.Forshaw@ahdb.org.uk, 024 7647 8647