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European Pig Prices Are Seen Stable by ISN in Latest Week

Oct. 9 (Bloomberg) -- European Union pig prices were mostly stable, while falling in France on increased supply, Germany industry group Interessengemeinschaft der Schweinehalter Deutschlands e.V. reported.

German pig prices were unchanged from last week at 1.876 euros ($2.43) a kilogram (2.2 pounds), Damme, Germany-based ISN wrote in a weekly report on its website today. That compares with 1.476 euros a kilogram a year ago.

EU pig-meat production is expected to fall 0.4 percent this year and 3.2 percent in 2013 on a combination of higher feed costs and new animal-welfare rules, the bloc wrote in a short-term forecast last week. Germany is the EU’s biggest pork producer, followed by Spain and France, Eurostat data show.

“In the ongoing week the European slaughter pig market moves sideways,” ISN wrote. “Only France sees a discernible price decline.”

Weekly pig-meat prices in France dropped to 1.889 euros a kilogram from 1.937 euros a week ago, the group said. Pig costs were stable in Spain at 1.961 euros, in the Netherlands at 1.81 euros and in Denmark at 1.826 euros, ISN reported.

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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