Pig Market Update 19th February
Pig price remain stable with no change in quotes from pig processors again this week. The Irish price remains above the EU average which is €1.84c/kg but is showing positive signs of increasing in recent weeks. The announcement of ASF outbreak in Greece last week, is a reminder of the consent threat that ASF holds over the entire pig production sector.
Greece joins the list of 9 EU countries that have ASF. This latest outbreak shows that ASF is far from being controlled in the EU, and the highest levels of precautions are needed at Ireland ports and airports if Ireland is to remain ASF free. Th ASF situation in Asia remains uncontrolled, with a new outbreak in Bali last week. The deficit in pigmeat is forecast to continue to grow with record low production in China in 2020. The EU remains in prime place to capitalise on export opportunities and the prospect for Irish pig price remains very positive.