EU

Pig prices in Germany take a dive

Pork

The start of the grilling season brings an average price of €1.80, 8% lower than a few weeks ago.

Posted on May 10 ,07:16

Pig prices in Germany take a dive

Pig prices in Germany have dropped by €0.15 in just a couple of weeks, as Easter Holliday has limited the activity in slaughterhouses. As a result, a surplus of livestock remained on the market, which upset the market balance. Moreover, the mood in the industry is negatively affected by the lack of strong impulses to increase the demand for pork. Exports are not growing and the barbecue season has yet to gain momentum, informs PolPig. For the moment, the proposed rate of €1.80 per kg is far from the expectations of the breeders. However, market participants are of the opinion that this is not a sustained downward trend. Currently, pork production is declining in Europe, the US and China. In neighboring Poland, prices have dropped also to PLN 7.95 (€1.65) per kilogram, despite the poor supply of livestock. "Many fattening farms remain vacant. The limited demand from trade is clearly visible. If the production of pigs is to be kept unchanged, then with rising production costs, the purchase prices should increase," analysts commented.

 

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