Prices of pork and piglets across the European Union remain low. This is not in favor of producers at all, because the costs of fodder are too high. We are discovering the situation with the prices of piglets and pork in various countries of the European Union.
Numerous external factors, including the corona virus pandemic and reduced demand from China, have led to falling prices of piglets and pigs across the EU. AND there is no indication that it will get better soon. Cases African swine fever in several export – oriented European countries, including Belgium and Germany, also had a major detrimental effect on exports.
In 2022, an increase in pork production
According to the European Commission, pork production will increase by about 1.7% by the end of 2021 and by less than half in 2022. The number of pigs is relatively stable in the last few years, so productivity growth is expected to drive that growth as well. But what about prices?
In Ireland, the price fell by 0.16 euros / kg
Irish prices fell by an average of 0.16 euros / kg from 2020. However, they have managed to remain stable since the beginning of this year. So are Irish prices at the moment 17 cents / kg above the EU average, which is about 1.30 euros / kg. This is not a satisfactory factor because the price is still low. It only amounts 1.47 evra/kg.
The pig industry in this country has been facing lately difficulties in terms of increasing the prices of labor and fodder. Prices combining foods its 0.39 euros per tonne more than at this time last year.
The highest prices of pigs and piglets are in Sweden, and the lowest in Lithuania and Latvia
Prices vary across Europe, but they are most in Sweden. This country is dominated by 2.02 euros / kg. For comparison, the price in the UK is significantly lower – 1.76 euros / kg.
Prices in other EU countries were: Belgium 1.09 € / kg; Czech Republic 1.32 € / kg; Germany 1.28 € / kg; Portugal € 1.37 / kg and Finland € 1.60 / kg.
The lowest price was in Latvia and Lithuania € 1.08 / kg each.
Call for change and uncertain predictions
About 20 EU countries called European Commission to launch a support structure for the pig production sector. European Commissioner for Agriculture Janusz Wojciechowski called the situation “very difficult” and met with agriculture ministers to resolve the issue.
At the same time, Committee for the Development of Agriculture and Horticulture of Great Britain reported that exports are projected to be 6% higher in 2021 than in 2020. They also expect that deliveries to Asia will increase by another 7% next year, but also that the consumption of pork in the EU will increase by 0.6% by the end of this year. However, it is also predicted 1.2% drop next year because production is slowing down and exports are growing.
It seems that the prices of piglets and pork in Europe will remain low for some time to come.
Source: Agromedia by www.agromedia.rs.
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