There are ‘huge’ moves happening in Europe and these continue to have a positive impact on the UK pig price, as supplies continue to tighten in the UK.
Last week saw the pig price move up significantly in a number of EU countries, including Germany, the Netherlands, Belgium and Spain, while the GB Cull sow price was up by nearly 10p/ kg for the second consecutive week, a reflection of a tight pork market in Europe.
“These are huge moves happening and these significant moves have now happened for three consecutive weeks,” Thames Valley Cambac said in its latest market report.
“It was therefore disappointing to see one processor feeling they couldn’t or did not need to increase their
contribution price. Could this combination make some producers question their future?”
TVC also highlighted recent Kantar data showing Veganuary was a flop, with volume sales of ‘meat-free’ products down 12.9% and a potentially positive move from M&S.
“Although M&S are going to close some stores they intend to open in excess of 100 more food halls and we all know pork does very well in the snacking sector and M&S are good supporters of British. Within this fast food dining sector, we need to find more easy pork meal solutions,” it said.
European and UK prices (p/kg.dwt) 19/02/2023 Movement on week
SPP 206.39 +1.44
Tribune Spot Bacon 211.93 +3.6
European Av 192.71 +7.44
Belgium 190.49 +8.05
Denmark 140.89 +5.63
France 232.09 +6.27
Germany 202.66 +8.29
Ireland 183.11 +4.65
Holland 186.13 +11.29
Spain 213.6 +8.19
Source: Weekly Tribune