This is not the end of the rise in pig prices in Poland

According to analysts, the last few months have been a time of further strong increase in the purchase prices of pigs in Germany, and thus also on the domestic market. The increase in the purchase price of pigs is supported by the reduced supply of pork due to the low profitability of its production in 2020-2021, coupled with a relatively strong EU demand for pork. An additional factor contributing to the increase in the purchase prices of pigs is the persistently strong cost pressure among its producers. “We expect that the following quarters will bring a gradual reconstruction of the pig stock in the EU due to the improvement in the profitability of production and the weakening of the demand for pork due to its rising prices. At the same time, in our opinion, the cost pressure will slowly fade away. As a consequence, we believe that in Q3 2023 there will be a turning point in the pig cycle and prices will start to fall. The main risk factors for our scenario are the further ...