Inside Pigs
Danish pig price to the top, the Netherlands rises sharply
Most pig prices in Europe have left the stable period this week, according to the price comparison of the German representative ISN. The pig price in the Netherlands and Germany is rising sharply, while in France and Spain a small minus can be seen again.
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The pig price in the Netherlands has increased by €0,050 this week to €1,773 per kilo. This brings it closer to the pig price in Germany, because it remains this week stable at €1,796 per kilo for the tenth week. The price in Belgium also remains stable, trading at €1,655 per kilo for the ninth week. The country is thus far behind the rest of Europe.
The Danish pig price has been showing for several weeks strong increases and this week again a solid plus has been put away. The pig price in the country increases by €0,026 to €1,896 per kilo, which means that the country has the highest pig price in the ISN price comparison. This is also due to the fact that the Spanish and French pig prices have again recorded a slight decrease. The Spanish price falls by €0,004 to €1,879 per kilo and the French price falls by €0,001 to €1,886 per kilo.
Tailwind
The pig market seems to have the wind at its back. Last week DCA Stock price rose 2.0 and at the beginning of the week also increased Vion the listing. As a result, the pig price is currently at its highest level ever. The group attributes the increase in particular to the good sales of pork products, which is largely caused by the outbreaks of African swine fever in China.
Another factor is that demand within the European Union is starting to pick up again, in connection with Christmas. The traders also report that the continuing ample supply of pigs is now beginning to shrink somewhat. The price increase could therefore not be regarded as totally unexpected.