Pig Prices Climb for Sixth Week in Spain as German Costs SteadyWhitney McFerron
Pig prices rose for a sixth straight week in Spain and France while prices were steady in Germany, the European Union’s biggest pork producer, industry group Interessengemeinschaft der Schweinehalter Deutschlands e.V. reported.
Prices climbed to 1.818 euros a kilogram ($1.08 a pound) in Spain and 1.64 euros a kilogram in France, Damme, Germany-based ISN wrote in an online report today. The countries are the EU’s second- and third-largest pork producers. Hog weights in Spain have reached the lowest in five years as demand outpaced supply, according to the report.
“Spain remains the market leader, still continuing the upward trend,” ISN wrote. “In France, there is complaint about weak demand for meat resulting from low domestic consumption, although prices are rising.”
In Germany, pig prices were unchanged for a third week at 1.626 euros a kilogram as “extensive quantities” of pigs available for processing were counteracted by “exceptionally brisk buying interest,” according to the report.
Dutch, Belgian, Austrian and Irish pig prices were also unchanged from the previous week, while prices advanced in the U.K. and declined in Denmark and Italy.