June 5, 2018
Falling EU pig prices reversed
The downward trend in the average price of pigs in the EU since mid-March was halted in late May, as supplies is now reported to be falling, according to AHDB Pork.
In the week ended May 27, the average price reported to the EU Commission (at just over €143 or US$167.41 per 100 kilogramme) was up €2.34 on the previous week and just under €0.50 higher than four weeks earlier.
In sterling terms, prices gained 0.5p/kg compared with the level recorded four weeks earlier.
Prices had been falling due to lessened demand, particularly for export and from processors. Supplies had also been ample.
"The tightening supply and the beginning of the holiday season, which should improve demand, has enabled prices to begin recovering in recent weeks", the pork division of the UK levy body Agriculture & Horticulture Development Board said.
Germany and the Netherlands recorded the largest price rises among the major producers in May, climbing around €1.50/100kg and €2/100kg, respectively, in the most recent week, compared with four weeks earlier.
Prices in Spain and Poland were both up around €0.50/100kg, while quotes in Denmark and France were stable.