Inside: Pig Market
Only Southern European pig prices can go up
There are few price movements in the European pig market this week. With the exception of the Spanish and Italian pig prices, the quotations remain at the same level. A lackluster meat market camouflages a tight supply of pigs.
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Spanish and Italian pork prices are booming. During the summer period, tourists flock to Spain and Italy to spend their holidays there. These countries are even more popular this year than usual. This is due to unrest in Turkey and Greece. The pig price paid by Spanish pig farmers increases again by rounded 2 cents to €1,88 per kilo. The Italian pork price even rises by €0,05 to €1,99 per kilo. The price increase is also a result of the recent heat wave in Southern Europe. This causes growth retardation.
1,87
euro
Equal prices in Northwest Europe
The northern countries in Europe see an outflow of tourists during the summer months. In absolute numbers, the pig supply is tight. However, with regard to the moderate mood on the meat market, there is balance. In the ISN price comparison, the German pig price remains stuck at €1,75 per kilo. The Dutch pig price is €1,72 per kilo for the second week in a row.
German pig price checkmate
The Internet exchange remained at €1,87 per kilo on Tuesday. As a result, there is no reason to expect a higher pig price in Germany. However, all batches were taken. A signal that the pigs are in demand and that slaughterhouses do want to slaughter. However, with the declining meat yields in recent weeks, the slaughter industry wants to keep the payment price the same at all costs. If necessary, through 'Hauspreisen', sources in the market report.