Pig price held stable for the majority of pigs supplied this week, with Rosderra and Kepak quoting on the low end, at €1.62c/kg before potential bonus’ and individual supplier agreements. Farmers supplying to other plants, including to Karro in Cookstown, Northern Ireland, are still receiving well above this price, with €1.70+c/kg still being achieved.
The situation across Europe is not positive with poor demand combined with export buyers reducing orders for the coming weeks. Commodity analysts indicate that the recent Chinese policy of reducing pork imports is affecting the worldwide trade, but the domestic Chinese production and Chinese stock of pork will only be sufficient to leave China out of the pork market for a number of months. Domestic demand across EU member states is expected to improve in early September followed by a resurgence in Chinese demand pre-Christmas.
Top prices on a flat rate basis
<= €1.62/kg-€1.66c/kg in Rosderra and Kepak
<=€1.66/kg – €1.70c/kg in Karro (Cookstown),
<= €1.68/kg – €1.72/kg in Dawn Pork & Bacon
<=€1.66/kg -€ 1.72/kg in Staunton’s