EU pig prices hit highest level since 2008 as supplies start to tighten

摘要

EU pig prices have hit their highest levels for four years amid tightening supplies in a number of member states. But valuations have still not risen enough to compensate farmers for dramatic hikes in feed costs, which could drive more producers out of business over the coming months. Average EU prices for grade E pigs surged to EUR 173.54 per 100 kg in the week ended August 5 - close to the record levels reached in mid-2008, and up from just EUR 150/100kg at the start of this year. The steepest gains have been seen in Italy - now the bloc's highest paying market with prices nudging EUR 200/100kg.