Bloomberg News

Pig Prices Climb in EU Southern Countries, Are Stable in North

February 05, 2013

Pig prices rose in southern countries of the European Union and were unchanged in the north of the bloc, according to industry group Interessengemeinschaft der Schweinehalter Deutschlands e.V.

Hog prices in Spain, the EU’s second-biggest producer, rose to 1.742 euros ($2.36) a kilogram (2.2 pounds) from 1.725 euros last week, while in Germany, the biggest pork supplier, prices were unchanged at 1.596 euros a kilogram, Damme, Germany-based ISN wrote in an online report today.

Pork accounts for about half of the meat eaten in the EU. Per-capita consumption of pork in the 27-nation bloc is set to fall to 40.26 kilograms this year from 41.15 kilograms in 2012 due to the economic downturn and high levels of unemployment, the EU forecast in January.

“France and Spain reported some clearly declining slaughter weights, which is an indication of an increasingly tight supply,” ISN wrote.

In France, the EU’s third-biggest pig producer, prices climbed to 1.571 euros a kilogram from 1.568 euros, while in Italy they rose to 1.899 euros from 1.892 euros. Dutch, Belgian, Austrian and Danish pig prices were unchanged.

In the north of the EU, a lot of pig carcasses “are still going into the freezing works, in the hope of rising meat prices as the year progresses,” ISN wrote.

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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