Bloomberg News

German Pig Prices Seen Stable by ISN as Spain Drops for 6th Week

November 20, 2012

European Union weekly pig prices were mixed as Germany was stable, levels in Spain fell for a sixth week and French pig prices rose, said industry group Interessengemeinschaft der Schweinehalter Deutschlands e.V.

German pig prices were unchanged at 1.776 euros ($2.27) a kilogram (2.2 pounds) for a third week, Damme, Germany-based ISN said in a report on its website today. Prices in Spain fell to 1.793 euros a kilogram from 1.807 euros, the group said.

The EU is home to 19 percent of the world’s pigs, based on data from the U.S. Department of Agriculture. Germany is the EU’s biggest pork producer, ahead of Spain and France.

In Germany, “given the pressure from slaughter companies the further price development is uncertain,” ISN said. “Spain is still dealing with the consequences of the general strike on Nov. 14.”

Prices in the three biggest EU producers moved closer this week, ISN data show. French prices climbed for a second week to 1.739 euros a kilogram from 1.706 euros the previous week, rising to the highest in four weeks, ISN data show. Pig prices were stable in Denmark and fell in the Netherlands and Belgium.

The EU has forecast output of pig meat in the bloc will decline 3.2 percent next year on higher feed costs and new animal-welfare rules.

To contact the reporter on this story: Rudy Ruitenberg in Paris at rruitenberg@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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