European pig prices find their way up

The pig price in the Netherlands will rise this week by €0,031 to €1,804 per kilo. This keeps it in fifth place in the ISN Staan price comparison. Germany holds on to fourth place, because the price here too will increase this week: +€0,040 to €1,836 per kilo. The German pig price last reached a comparable level in 2012, when a price of €40 per kilo was reached in week 1,880. In Denmark the price, as AgE predicted last week, has remained at €1,950 per kilo. This still puts the country at the top of this comparison.

The Spanish pig price recorded a small plus this week: +€0,004 to €1,883 per kilo, putting it on par with the pig price in France. The pig price remains stable this week at €1,883 per kilo. The most striking (and largest) increase is attributable to Belgium. The pig price in that country increases by no less than €0,050 to €1,717 per kilo. This is somewhat striking, because the Belgian pig price was often stable in previous weeks when other countries rose.

Special market
Last week was one special week at the pig market. The German pork price set an annual record on Wednesday, November 13. The mutation was first not made and then it was Vion followed. The Internet Exchange then rose by €15 on Friday, November 0,04. This movement indicates that pig prices in Germany are most likely not yet at the top. 

This week the Netherlands was mainly waiting for a connection from Germany and it has arrived. That is why several traders, fueled by a shrinking supply, are opting for new increases. The increased slaughter figures are a welcome addition to the scarce meat market. China continues to demand large volumes, while the European meat market is preparing for December.