Pig price situation causes further concern

By Aidan Fortune contact

- Last updated on GMT

Pig price situation causes further concern

Related tags: Pork

The European pig meat industry has raised concerns over the ongoing rise in prices.

In a joint letter to the EU Commission by CLITRAVI, and the European Federation of food, agriculture and tourism trade unions, EFFAT, attention was drawn to “the recent sharp increase in Europe of the price of pig meat, the most important raw material for the meat manufacturing industry in Europe”​. It cited the “recent increase of the Chinese imports from Europe”​ as the reason for the increase of prices of more than 25% compared to the price of the first week of the year.

It warned that “the raw material cost for the manufacturing industry typically represents around 50% and in some instances 75% of the total production cost”.

“While we do not have any advice to give regarding the selling or purchasing price, we think it is important that the entire supply chain understands the challenges of this exceptional, yet ongoing, market situation which potentially threatens businesses, jobs and livelihoods across the European industry.

“We hope that the European Commission and all the Member States will encourage solidarity and support us to pass on the message of the importance of the viability of each link for the entire supply chain up-stream to restore a fair-trading environment.”

According to Agriculture & Horticulture Development Board (AHDB) Pork, the EU-spec GB SPP recorded the largest week-on-week increase since June in the week ending 5 October, reaching 155.32p/kg. The pig price is now up 8.53p compared to the same week last year.

This is the second time this year that the European pig meat industry has raised concern over prices​. 

Global Meat News will be hosting a free webinar on African Swine Fever and its impact on the international meat market on 29 October. For more information, register here​.

Related topics: Meat

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