EU Pig Prices Seen Stable by ISN as Slaughter Backlog Processed

Pig prices in the European Union were stable this week as a slaughtering backlog resulting from the year-end holidays was processed, said industry group Interessengemeinschaft der Schweinehalter Deutschlands e.V.

Hog prices in Germany, the European Union’s biggest producer, were unchanged at 1.626 euros ($2.13) a kilogram (2.2 pounds), Damme, Germany-based ISN wrote in a report on its website yesterday.

Pork accounts for about half of the meat consumption in the EU, and per-capita consumption of pork in the 27-nation bloc is set to fall to 40.3 kilograms this year from 41.2 kilograms in 2012, based on an EU forecast in September.

Spanish, Dutch, Danish and Belgian pig prices were also unchanged, while in France the price of a kilogram of pork climbed a 10th of a cent to 1.604 euros, ISN said.

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