EU pig market broadly stable

Wednesday, 5 May 2021

By Bethan Wilkins

EU pig prices have been recovering so far this year, but the situation was more stable in April. Following some improvement in prices early in the month, a combination of limited slaughter and subdued demand meant that prices eased back. Public holidays and coronavirus infections have both limited slaughter levels in Germany in particular. Poor weather is also reportedly dampening demand, as this delays the onset of the “barbeque season”.

The EU average price had been at the highest level since last July in mid-April, at €157.50/100kg. However, in the subsequent week ended 24 April the average dropped back to €156.48/100kg. The outlook remains cautious at present, and will depend on developments with the COVID-19 pandemic, the weather, and tourist trade.

Prices on the key German and Spanish markets have followed different trends in recent weeks. The German price was broadly stable in early April but fell sharply in the latest week. Meanwhile, the Spanish price rose sharply at the start of the month and has since increased more slowly. Aside from Germany, the only other key market to show a declining trend over the past month was Poland. Prices have been rising noticeably in Denmark and France.

You can find all the latest EU pig prices by member state here.

Some weakening of the pound against the euro during April meant that in sterling terms, prices still rose overall. In the latest week (ended 24 April) the EU average price was 135.55p/kg. Nonetheless, the gap between UK and EU prices has still increased slightly, as price growth here has been stronger. In the latest week the difference stood at about 10p/kg, although this is still a relatively small difference in historic terms.

Sign up for regular updates

Subscribe to receive pork market news straight to your inbox. Simply complete our online form.

Visit the Keep in touch page

While AHDB seeks to ensure that the information contained on this webpage is accurate at the time of publication, no warranty is given in respect of the information and data provided. You are responsible for how you use the information. To the maximum extent permitted by law, AHDB accepts no liability for loss, damage or injury howsoever caused or suffered (including that caused by negligence) directly or indirectly in relation to the information or data provided in this publication.

All intellectual property rights in the information and data on this webpage belong to or are licensed by AHDB. You are authorised to use such information for your internal business purposes only and you must not provide this information to any other third parties, including further publication of the information, or for commercial gain in any way whatsoever without the prior written permission of AHDB for each third party disclosure, publication or commercial arrangement. For more information, please see our Terms of Use and Privacy Notice or contact the Director of Corporate Affairs at  © Agriculture and Horticulture Development Board. All rights reserved.