Inside Pigs
Van Rooi gives big pendulum to pig price
Van Rooi Meat breaks the silence on the pig market by listing with...
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The increase can be linked one-to-one to the China recognition which the meat company has been collecting again since Friday. And that is something that benefits the value of pork.
Rumors were already circulating in the market at the beginning of this week that Van Rooi could therefore increase the pig price, a plus of 1 to 2 cents was taken into account. The fact that the pig price ultimately rises by 5 cents can be seen as a pleasant surprise.
Imitation?
It remains to be seen whether the increase will be followed. Vion, which has still not regained its China recognition, left its quotation unchanged on Monday at €1,47 (including VAT). Compaxo, whose China recognition has not declined, is trading at €1,26 this week.
In Germany, the VEZG quotation has remained at €1,47 per kilo. There were also statements from producer associations that alluded to an increase of 3 cents, something that the more positive pork market supports.