EU pig prices ease while UK prices remain stable

EU deadweight pig prices have trended downwards over the past 4 weeks, with the 16 October average settling at 178.28p/kg (€204.31/100kg). Price movements were variable across the key producing regions, with both Germany and the Netherlands recording lower prices, Denmark and Spain holding steady and France reporting an increase.

In general, continental prices remained at a discount to the UK price through the four weeks, although the volatility in sterling offset some of the downward price moves in euro terms. In the week to 16 October, the discount ranged between 12 and 44 pence/kg.

Germany saw the largest price drop as supply pressures eased, with prices declining by nearly €10/100kg over the four-week period. The Netherlands saw prices dip by €7/100kg, while Spain and Denmark reported only marginal declines. In France, prices increased by €2/100kg over the period, making French pigs the most expensive on the continent.

The EU pig meat market is facing the same pressures as here in the UK despite lower average costs of production. Although per capita consumption of pork is much higher in Europe than in the UK, demand is being negatively impacted from ongoing price inflation with the latest EU outlook forecasting a 1.9% decline. The ASF situation is also limiting trade opportunities, reducing export opportunities.

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

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 info@ahdb.org.uk  © Agriculture and Horticulture Development Board. All rights reserved.