Average pig price in EU lower everywhere
Average prices for pigs in the European Union (EU) in
the first 40 weeks of 2007 are €1.32, the Dutch agricultural newspaper
Agrarisch Dagblad reports.
The price was calculated by comparing the weekly pig prices for 1 kg
slaughterweight in 13 different countries throughout the EU, monitored by the
German pig producers' organisation ISN.
In 2006, that same price was €1.44. 2006 showed an
average pig price of €1.42 - a significant difference with €1.32 for 2007.
In the Netherlands, for instance, the current cost prices for pork
are estimated at €1.65. It is expected that prices in Europe are similar to this
In Germany, the average price in
2007 to-date was €1.312. The highest pig prices were seen in the weeks 29 until 32
- €1.436 per kg.
In the Netherlands, the maximum was reached in these
In Denmark, prices are lower than in
Germany, with a price of €1.267 in week 40.
to ISN, the weakness
of the British pound is the cause of this decrease, as the Danes export a lot
of hams and bacon to the UK.
Spain sees relatively the highest prices for pigs, with an average of €1.428 - and
even topping €1.630 in weeks 26 and 27. The quotations have decreased dramatically,
however, during the last weeks, with current prices of €1.246 being the lowest
The drop is explained by a 7% growth, causing the Spanish
market to be saturated.
No more price decreases
not expect more price decreases, as exports to Russia are growing again and the
Hanover futures market is hopeful with contracts of more than
â€¢ Agrarisch Dagblad (in Dutch)
â€¢ Interessengemeinschaft der
Schweinehalter Deutschlands (ISN)
â€¢ European Union
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