The past week welcomed us with huge price cuts for fattened pigs. Let us recall that average purchase prices fell by about 25 groszy at that time, while local downward corrections were much higher. Especially since some purchases did not decide to make cuts at that time, thus maintaining the rates established in the first decade of August.
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A huge slump in the fattening pig market. Prices are falling, but not everywhere
Fortunately, it turned out that the past seven days have not brought any further price reductions. In almost all of the plants our editorial team contacted, the prices from August 14 were maintained. The average purchase prices are therefore identical to those from a week ago.
For fattened pigs in class E, establishments pay from PLN 8.30 to PLN 9.00 net per kilogram, while the average purchase price is PLN 8.60/kg. In turn, prices for fattened pigs in live weight range from PLN 6.00 to PLN 7.20 net per kilogram. The average purchase price is currently PLN 6.60/kg.
Industry disappointed with prices
Aleksander Dargiewicz, president of the board of KZP-PTCh Polpig, does not hide his disappointment with the condition of the pork market. As the expert commented, everyone expected that there would be a significant increase in livestock prices in the summer. Especially since the demand for pork was stimulated not only by seasonal factors, but also by two major sporting events – the European Football Championship and the Olympic Games. However, this increase did not occur.
Contrary to expectations, until almost the end of June, the purchase prices of fattened pigs in Germany remained stable, and at the turn of June and July this year, the first price reduction was noted to €2.10/kg (wbc). Another drop of 10 eurocents to €2.00/kg occurred at the end of July. Experts assume that in the second half of August, purchase prices should remain stable, but are we able to predict anything on such an uncertain market? – the expert assesses.
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Is the pig fattening market about to collapse? We will find out soon enough
