European pig prices are slowly increasing

Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) reveal that according to the estimation of the European Commission, 2 percent more pigs were slaughtered in the European Union last year than in 2010. Demand remained unchanged and this led to a minor increase in prices. Abattoirs paid 5 percent more in July than a year earlier. Since pork production expanded and demand on foreign markets surged, the EU’s pork export soared by 14 percent. In July pig prices moderately rose in Hungary as well but experts do not forecast this increase to be lasting.