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EU Pig Prices Seen Little Changed by ISN as French Slide Stops

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Nov. 13 (Bloomberg) -- European Union pig prices were little changed this week as French hog prices halted a six-week slide, industry group Interessengemeinschaft der Schweinehalter Deutschlands e.V. reported.

German pig prices were unchanged for a second week, Damme, Germany-based ISN wrote in a report on its website today. Prices in France rose, while those in Spain fell for a fifth week, the group said.

Germany is the EU’s biggest pork producer, followed by Spain and France, statistics from the bloc show. Prices in the five biggest producers moved closer in the last few weeks after declines in France and Spain, according to ISN.

“Most prices move sideways, but the upward turnaround hoped for by producers hasn’t started yet,” ISN wrote. “Danish and French prices reached the bottom. The French price crash of the past six weeks seems to have ended.”

Spanish pig farmers are facing weaker seasonal demand as well as a Nov. 14 general strike in the country, ISN wrote.

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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