EU pig prices have remained stable over the last few weeks despite the release of a substantial amount of Private Storage Aid (PSA) product having returned to the market, according to AHDB Pork.
“Following some improvement in prices in the run up to Easter, a combination of public holidays and subdued demand on the EU market meant that prices eased back,” said AHDB Pork. “However, by the end of April they were on the up again, with signs of improving weather in northern Europe stimulating demand.”
Having reached its highest point of 2016 to date at the end of March, at a fraction over €130 (£102.50) per 100kg, the EU average price dropped back to €127 (£100) in mid-April. It then picked up again, to finish the month at €128.29 (£101.15) per 100kg.
“The fact that this improvement came despite the release of much of the pigmeat stored during the PSA scheme in January provides some encouragement that the market may be strengthening, albeit from a low base,” said AHDB Pork.