Weak demand continues to blight pork market – TVC
Weak demand on the domestic market continues to apply a brake to the UK pork market, although rising EU prices are providing a glimmer of hope.
“Trade seems to be reflective between last week and this coming week with signs of little change regarding demand being still less than brisk, Thames Valley Cambac said in its latest market update.
“Perhaps as the week unfolds ahead of a short week to mark the funeral of our Queen, any additional demand might encourage buyers to stock up on and support British at a time of great reflection across the country. We certainly need to see demand for available products improve in Q4.”
Prices continue a ‘slow but forward trajectory’, with the SPP lifting 1.13p, the biggest weekly jump in just over a month, and after sticking for one week the German market stepped up another 5 cents to €2.10/kg. In the UK, most Q prices are over the £2.00/kg mark, which is very welcoming.
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