EU pig inventory drops to support prices in the single market
A reduction in the pig inventory in the EU has supported prices in some of the main producing countries in the bloc. Eurostat statistics show a clearly lower number of pigs in the EU, which may soon translate into a decline in the supply of livestock.
Last week, the buying-in price in Belgium increased by 6 euro cents per kilogram of slaughter weight. The prices in Spain, Denmark and the Netherlands increased (+ 5 ?), (+ 3 ?) and (+ 3 ?) respectively in relation to the previous week. In Germany, the decreasing supply of livestock forces an increase in purchase prices. On 02/23/2022, in VEZG's quotations, the purchase price increased to 1.32 € / kg. The German price has increased by 12 euro cents in the last two weeks. Also, Germany has been forced to reconfigure its pig meat production as the country is banned in major export markets in Asia due to ASF outbreaks reported since September 2020. Italy is currently confronted with the same problem and, as a result, prices are lower than the EU average.
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