Inside Pigs
Shortage pushes piglet price up further
The good demand for piglets currently characterizes the market. Supply cannot fully meet demand. Reason for a further increase in the DCA BestPigletPrice.
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The trade in piglets has already started well in recent weeks, resulting in price increases. Also this week there is a good demand for piglets. It is confirmed from the market that there is a shortage and that, in combination with the good export demand, the full demand cannot be met.
German demand on the rise
Export demand is good and gives the market an extra boost. In week 7, a total of over 136.000 piglets were exported. That exceeds the export of previous years.
The vast majority, more than 75.000 piglets, were exported to Germany. As a result, Germany has again significantly increased imports compared to the previous weeks. At that time, few piglets were imported, because the oversupply of pigs was so extensive. The import volume is still lower than in previous years.
Spanish piglet imports were slightly lower in week 7 than in previous weeks, but remain well ahead of the level of previous years.
BestPigletPrice continues to rise undisturbed
The limited supply in combination with the good demand ensures that the DCA BestPigletPrice continues its upward trend. This week, the quote has risen by as much as €4 to €41 per piglet, surpassing previous price surges this year.
The German VEZG quotation also made a big step up this week, rising by €5 to €40 per piglet, respectively. The Danish piglet price increases by €4,40 to €48,80.