EU pig prices were something of a mixed bag, In the four weeks ended October 20, although on average continued to rise. While still behind, the gap between UK prices and EU prices continues to narrow.
In the latest week, the average price across the EU was €182.78/100kg, €0.67 higher than four weeks ago. Over the same period, the UK reference price rose by nearly €6, although at €179.56 it remained slightly discounted to the EU.
AHDB’s lead analyst Duncan Wyatt said: “Although UK pig prices have been rising, a strengthening pound has contributed to the move; four weeks ago a euro was worth 88.6p, in the latest week it was worth 87p.”
Reference prices in selected key EU Member States moved as follows in the four weeks to October 20
- Belgium: -€0.50 to €154.70/100kg
- Denmark: +€7.16 to €183.80/100kg
- France: +€1.00 to €181.00/100kg
- Germany: +€0.05 to €190.35/100kg
- Netherlands: +€0.51 to €172.57/100kg
- Poland: -€0.25 to €178.55/100kg
- Spain: -€2.22 to €179.15/100kg
- UK: +€5.95 to €179.56/100kg