A downward trend in French pig prices

Published Jul 22, 2021

Tridge summary

France is experiencing a decline in pig prices, with the trend expected to continue due to outbreaks of ASF in Germany's pig farms and intense competition from low-priced European meats, particularly Spanish pork. The inability of packing plants to pass on price increases to large retailers and a decrease in the number of pigs slaughtered due to seasonal lows and slow demand have also contributed to the price drop. Despite the end of Covid restrictions and expansion of collective catering, domestic demand in France has not increased and has been unable to make up for the loss of the largest outlet for many European exporters, China. The overall trend in pig prices in Europe has been downward, putting many farms in danger.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pig prices in France are sliding and the trend is to remain, as Germany reported recently ASF outbreaks in its pig farms. "Since mid-June, hog market price in France lost 0.202 € per kg (about 0.24 US $ per kg). The pork sector reported aggressive competition from European meats, particularly Spanish pork, offered on the French market at very low prices. Moreover, the packing plants have reported difficulties in passing on the price increase to large retailers.Fewer pigs have been slaughtered the last couple of weeks, a reflection of seasonal lows in production but also slow demand from packing plants. Despite the end of Covid restrictions and collective catering expansion, the domestic demand is not important and unable to compensate the sudden withdrawal of the largest outlet of many European exporters - China," reports Philippe Mallétroit, Director France, Genesus Inc.Pig prices in France have lifted above those reported last year only in May and June (+13%). For the first four ...

Source: EuroMeat