Pig Prices Stable Across Most of EU, Drop in France and Denmark

Pig prices were stable in Germany and Spain, the European Union’s largest pork suppliers, and fell in France, according to industry group Interessengemeinschaft der Schweinehalter Deutschlands e.V.

Hog prices in Germany, the bloc’s biggest producer, were unchanged for a second week at 1.596 euros ($2.15) a kilogram (2.2 pounds), Damme, Germany-based ISN wrote in a report on its website today. In Spain, the price was unchanged for a fourth week at 1.725 euros a kilogram.

EU consumers eat more pork than any other meat. 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 this month.

“The market for slaughter-ready pigs in the center and south of the EU is increasingly stabilizing,” ISN wrote. In Germany, “the offer of slaughter-ready pigs is decreasing and resulting in a further stabilization of the market,” it said.

Dutch, Belgian, Austrian and Italian pig prices were also unchanged. French prices fell to 1.568 euros a kilogram from 1.58 euros, while in Denmark the price of a kilogram of pork slipped to 1.629 euros from 1.657 euros.

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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