The ISN (The German pig farmers’ interest group) reports that initial uncertainties among EU market participants have led to a significant drop in pig prices, but that markets now appear to be recovering.
The German market price continues to lead, showing a decrease of 5 cents and greatly increasing price-cutting barrier in other countries. The current price is accepted by all market participants and it is understood that discounted prices are not available.
The new Spanish price lags behind stable Danish market prices due to recent price declines. Denmark has once again become the leading country among the five EU Member States for which pig farming is most important. The Netherlands price lags behind the French.
Consumers are constantly changing their habits around the world, eating more at home and demanding more products in supermarkets for them to cook at home.
Logistics and manpower remain key challenges for the pork industry in the European Union.
Trade with China is reported to accelerate, which will also change market structure in the coming weeks.
https://thepigsite.com/news/2020/03/eu-pig-prices-coronavirus-uncertainty-pressures-producers-and-pulls-prices-down
