Pig prices in Frances gets to €1.35
After a continuous decrease since September 2020, the pig price in France stabilized around the average price of 1.20 € per kg carcass from the beginning of December until mid-February of this year.
However, since last month, pig prices have continuously increased to reach €1.35 at the end of the month. This may be justified by a rise in the price of feed, which today stands at around €280 per ton. " As a result, some pig producers started to struggle. Nevertheless, the gradual disappearance of supply surpluses and strong exports led to an increase in prices. In the last 5 weeks, the hog price has gained 0.15 € per kg carcass weight. The Easter holiday will nevertheless lead to an activity drop, which will have to be monitored, in a context of weak domestic demand," commented Philippe Malltroit, Director for France, Genesus Inc.
The average carcass weight for the first 12 weeks of 2021 is 96.93 kg with an average price of 1.246 €/kg. There is still room for prices to go higher as producers do not get much profit due to the spike in feed prices. Nevertheless, this depends largely on how the demand for pork in the EU market is going to increase. Easter holiday usually marks the beginning of the grilling season but restrictions applied due to the coronavirus crisis are going to last in some of the EU member states for at least a month.