EU pig prices continue to see pressure

Thursday, 24 November 2022

EU deadweight pig prices have continued to see price pressure over the past four-week period, with the average for the week ending 13 November sitting at 172.81p/kg (€197.62/100kg).

Average prices across key producing countries for the most recent four-week period have all declined, with the exception of the UK, which has held over the period. The largest declines have been seen across Germany and Poland, down 12.72p/kg and 11.08p/kg respectively. Denmark saw the smallest decline, with prices dipping only 1.68p/kg. Continental prices remained at a discount to the UK price through the four weeks, although movements in sterling continue to affect EU prices. In the week to the 13 November, the discount ranged between 23p/kg and 51p/kg. Please treat comparisons with caution as references prices are ‘gross prices’.[1]

In the latest week (week ending13 November), prices have seen slight increases across key markets with the exception of France, which has seen a 3.62p decrease. Across the EU 27 average, there has been a 1.36p/kg uplift in price, with Poland seeing the biggest prices increase on the week, up 3.36p/kg.

[1] Please treat comparisons across countries with caution as the reference prices are ‘gross prices’, before deductions or retrospective bonuses. In some countries, such as the UK, there are below the line deductions from the gross price which are carried by the producer, such as procurement, transport, meat inspection, classification, levy, lorry washing and insurances. In other countries, some or all of these costs are paid for by processors; which increases processor costs and results in a lower price paid direct to producers. It should also be noted that the prices are expressed on a cold weight basis, but producers in various EU countries may be paid on a cold weight, hot weight or live weight basis. Hot and liveweight prices will be converted into a cold weight equivalent and these conversion factors can vary across countries.

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