Inside: Pig Market
Pig price Vion at odds with Internet exchange
Vion's pig price has fallen. This is not in line with the expectations that lived in the market. The Internet exchange has also clearly quoted differently.
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Despite slaughterhouses calling for lower prices in recent weeks, the pig market was expected to hold up after Easter. The pig supply in the Netherlands is indeed ample, but according to traders it is shelf life.
No impulses
However, Vion has decided differently by lowering the quotation by €0,03. This movement is at odds with the Internet Exchange, which rose by €3 to €0,03 per kilo on Tuesday, April 1,51. In a statement, the slaughterhouse said that meat sales around Easter were disappointing and that there is still a lack of momentum. Hams and bacon sales in particular are putting pressure on pork prices.
According to Vion, there is also price pressure outside Europe. This is how the pig price is in the USA (US) has been under pressure for some time. The fact that China is going to tax US pork at 25% obviously does not help the negative sentiment. Vion says that this measure is likely to provide support to European pig exports in the short term. On the other hand, however, the pig price is under heavy pressure in China; European export prices suffer from this.
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Vion's pig price moves against the 5-year average.
Italian pork price down
In the ISN price comparison, pig prices in Northwest Europe remain fairly stable this week; with the exception of the French quotation, which drops €0,01 to €1,400 per kilo. There is price pressure in Southern Europe; especially in Italy. There the quotation drops by €0,05 to €1,806 per kilo.