Good news for EU pigmeat sector

07-12-2006 | |
Good news for EU pigmeat sector

According to an EU Commission report, by Central Market and Price Report Office (ZMP), average EU pig prices the highest price for five years.

There are fears that the profitability of the sector may fall due to increasing feed and energy prices. EU pig production for 2006 is forecast to reach around 245m head, or 21.3mt of pigmeat, up approximately 1.4% from last year.

Germany hopes to see an above-average increase in production (approx. 2.9%). Poland, Slovenia, Spain, Denmark, Italy, Austria and the Netherlands are also looking for a rise. However, production is expected to fall in the Czech Republic, Hungary and Slovakia. The same was reported for Belgium (-1.1%) and France (-0.8%).
Increasing production
In the first half of 2007, average pigmeat production is expected to rise slightly. Polish production will rise by around 5%, but this is likely to tail off towards the end of the year as the number of pregnant sows falls. A similar rise is expected in the UK, Germany, Italy, the Netherlands and Austria. Market analysts are also forecasting an increased demand for pigmeat, so there could be further opportunities for EU producers to export.
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