On-the-Ground Updates

EU Pork Market Stalled in Recent Weeks After a Long Period of Rapid Price Increases

Other Frozen Pork Cuts
Sweden
Market & Price Trends
Daniel Mervar
Published Oct 26, 2022
EU pig prices have generally stalled in recent weeks after a long period of sharp price increases. However, the prices for pig deadweight grade S and E raw material have started to recover in Germany and Belgium after stalling in previous weeks. Pork prices for W42 are around USD 1.98–2.14/kg at EXW EU levels. The main reasons for the stagnating prices in the EU are that consumers' purchasing power has waned and producers are responding by lowering prices to avoid the risk of having fewer orders, although the pig sector is suffering from high rearing costs and falling margins. Nordic producers expect a slightly declining market price in the coming weeks, while pork prices in Sweden are 25% higher YoY in W42, and farmers believe that prices must continue to rise if they are to remain profitable.
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