Current Russian pig price is 94.9 Roubles ($1.37) per kg live-weight including VAT. At this level, good producers continue to make good profits even with this year’s higher feed price. There has not been over much disruption to supplies from meat plant closures, although there are plants where the administrative staff is packing meat. This is one circumstance where having excessive levels of administration have helped. It does of course beg the question if in these circumstances’ administrators can work on the factory floor, what do they do in normal times? Using the word PROFIT, in the opening paragraph triggers some thoughts. Conventional wisdom says that. Read more...
Pig prices have fallen in Russia and currently stand at 94 Roubles per kg liveweight ($1.46). This is a reflection of the economy and peoples buying power reducing. Local reports are that meat sales rise following people receiving salaries. In a recent speech the Chairman of the Russian Pig Producers Association warned that many Russian pig farms with the highest costs risk bankruptcy. This is unusual news for Russia, which has seen high pig prices for years on the back of controlling imports and massive expansion of pig production, much of which was subsidised. Historically lowering pig prices have triggered government support. These days this is not. Read more...
Current Price in Russia is 102 Roubles ($1.77) per kg. Despite some increased production and increased imports from Brazil, consumer demand is increasing. When the Rouble crashed a few years ago, people spent their spare money on imported consumer goods ahead of price rises. They then for a period reduced spending. Today spending is increasing, particularly on food and meat. Russians are natural pork eaters so are buying more pig meat. Simon Grey, General Manager Russia, CIS and Europe, Genesus Inc. simongrey@genesus.com This welcome continuation of high price is of course good for pig producers. However, IT WILL NOT LAST FOR EVER. Sanctions are due to remain. Read more...
The Russian pig Price continues to remain high at 115 Roubles ($2.01) per live kg. Good producers have a cost of production that should be 65 Roubles per kg (all costs). On a 125kg live-weight pig at slaughter means profits of over $100 per pig. No wonder the process of building new farms continues! Russia Market Report Simon Grey General Manager Russia, CIS, and Europe simongrey@genesus.com High profitability is of course very nice. However, it comes with one large danger, complacency! More new farms mean more pigs. More pigs at some point will mean market saturation. Sanctions also will not last for ever. At some point, European meat will hit the market. Read more...
Nothing’s new on the western front. But related to the European pig slaughter market, nothing new suitable to change the course seems to come from any other direction. The pig slaughter quotations go on bobbing up and down throughout Europe on the level achieved. France closely approaches the Danes after slightly correcting the price to €1.32. The Danes currently are paying €1.33, still maintaining the top position in the European price structure of the five EU member countries most significant in pig keeping. The Spanish quotation was able to go up by one corrected cent. As to pork, the supply situation is quite comfortable. Taking a look at. Read more...
Last week, the European pig slaughter market got ever steadier.Most of the countries recorded unchanged quotations in the EU pig price comparison. The supply pressure that had formed over Easter could be sold meanwhile. Thus, the markets got back to being balanced. With just one exception: The Austrians did not yet succeed in freeing themselves from the backlog supply resulting from over the Easter holiday. On top of that, bargain offers from abroad exerted pressure on the domestic market. According to what a French market observer says, the French market seems to be relieved in connection with the German quotation’s sideward movement. Alternatively, the prices. Read more...
Following the introduction of new Country of Origin Labelling (COOL) regulations in the EU in April 2015, there was a concern that the trade in live pigs between EU countries could be reduced. Indeed, it would seem that it has had an effect on the live trade between countries such as the Netherlands, Denmark and Germany. There are virtually no live imports into the EU from third countries and only limited live exports to countries outside the EU, mostly to neighbouring countries such as Serbia, Albania and Moldova. The formerly important trade with Russia has now stopped, while trade with Ukraine is much reduced. The Dutch and Danes exported fewer pigs to Germany. Read more...
Thanks to the pre-Easter business, the situation has finally improved on the European pig slaughter market. The knot has been cut. Many quotations are going up noticeably. The first step was taken by Germany with its 5 cents’ plus. Thus, the benchmark was set for the other countries. The Netherlands, Belgium and Austria followed suit with quotations almost alike. The market is cleared; now, shortly before Easter, pigs are well demanded by the slaughter companies. In Great Britain the mood also feels much more like in spring. The quotations recorded for pigs for slaughter went up. As stated by a British market observer, Germany’s five cents’. Read more...
Global pig prices have fallen steadily throughout 2015, following an exceptionally high year for prices in 2014. Based on the prices of the four major exporters (the EU, US, Canada and Brazil), the average export pork price finished 2015 at $2.38/kg. This is the lowest level for over six years, $0.57 lower than the same point last year and over a dollar less than the price peak recorded in June 2014. Several factors have combined to drive down value in the global pork market. The well documented supply glut following the Russian bans in 2014 has put downward pressure on EU, Canadian and US prices. The EU price has only just started to stabilise in January 2016, in. Read more...
Currently, the European pig slaughter market appears in an inconsistent way, being made strongly insecure because of the situation as it is on the German pig slaughter market. Just like in Germany, the quotations were reported to remain unchanged for pigs for slaughter this current week in Denmark, France and in Austria. Information however got circulating soon that the market situation is very tense in Germany as a result of discounted prices – deviating from the concerted price - being paid by various slaughter companies. Such kind of nervousness as is observed in the country of the leading quotation is unavoidably imparted on other European. Read more...
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