The mood in the pig market has changed considerably in recent weeks. Pig prices are being hit hard by the corona crisis and continue to fall. The German VEZG quotation is making a sharp drop again this week.
The authoritative quote drops this week by no less than 10 cents to €1,60. In the Netherlands, Compaxo even reduces prices by 14 cents to €1,40 per kilo, the lowest level in more than a year. The situation on the market is becoming increasingly tense as prices continue to fall.
Due to the corona measures, the catering industry will remain closed in the coming weeks and therefore meat sales will be difficult. The pig supply is also extensive. All in all, the market is in a difficult split.
Pig prices in Europe
In the ISN price comparison, the Dutch quotation fell the most this week. With a price drop of 8 cents, the quotation drops to €1,46, meaning that the Netherlands now has the lowest price. Belgium is 1 cent above the Netherlands at €1,47.
The leader in the price comparison remains Denmark. The price there drops by 4 cents and is listed at €1,84 this week. The Spanish pig price drops by 5 cents this week and is trading at €1,78. The German quotation (€1,65) and the French quotation (€1,63) are in third and fourth place in the comparison.