EU pig prices, market more optimistic
According to German pig industry group ISN, its looking bright for Europe's pig producers. Analysts from the 12,000-strong organisation said recently that "The downward trend has come to a halt, having hit rock bottom'.
“The German, Belgian, Dutch, Danish and Austrian quotations are moving sideways, all of them showing balanced market situations." The group reported that the slide into more summery conditions has provided the stimulus needed for the market, adding "According to first reports, the past weeks’ price reductions have had a positive influence on export demand."
After a period of depression, the French quotation went up slightly on Thursday. Yet, French producers are still not satisfied with the price level of a corrected 1.57 euros reached so far and are still pushing for further price increases.
In Spain, producers have had to accept a price drop for the third week running, though the country remains atop the price structure list of top 5 EU producers, with a corrected price level of 1.754 euros per kg slaughter weight. However ISN said that a flagging export market could further deflate Spain's current performance.
Nevertheless, turning to the domestic market, ISN claimed “an optimistic market sentiment” in Germany, with demand currently outweighing supply, could spell success for producers. The group cautiously predicted that "prices are expected to remain unchanged at least.”
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