Inside Pigs
After months, German pig price takes a step up
The German pig price rose again this week for the first time in months. A confirmation that there is still a small improvement noticeable in the pig market.
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The German VEZG listing has remained stable for a long time. The price remained unchanged for no less than 13 weeks, after falling sharply to €48 in week 1,19. This week, the pig price rose again for the first time in months and rose by €0,02 to €1,21 per kilo. The last time the price underwent a positive movement was at the end of May last year.
The price increase confirms that the pig sector is showing signs of recovery and that the German oversupply of pigs is starting to shrink. There is also a cautious price recovery in the Netherlands. Like this the DCA Stock Price already rose 2.0 on Friday by €0,01 and slaughterhouses Compaxo and Van Rooi are also following this increase.
The ISN price comparison also shows that pig prices in Europe are cautiously recovering. The price in Belgium has been rising for a number of weeks, but since this week the Dutch and Spanish prices have also increased.