Are EU pig prices stabilising?

By Rebecca Wright

Compared to the price four weeks ago, the EU average reference pig price has fallen by less than €1/100kg, and it has remained steady for the past three weeks. In the week ended 21 November the measure stood at €128.58/100kg. Although stable, prices are low.

Export demand is still sluggish although there is some optimism that China could be looking for more protein soon. EU demand itself may be benefitting slightly too, as we head towards Christmas. Production however appears to still be strong; fewer very young pigs on the ground in June might indicate a drop in supplies soon.

Of the major producers Spain, a key exporter to countries outside the bloc, recorded the largest decline (-€4/100kg). Spain, in contrast to many other countries, recorded an increase in its pig herd during the summer, suggesting supply is ample. Reports indicate demand for Spanish pork is challenged. Prices were steady in Germany, the Netherlands and Poland.

Over the past month UK pig prices have remained around a 37p/kg higher than the EU reference price.

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