The last two quotations of the ISW stock exchange did not bring good news to pig breeders. The bid auctioned yesterday was as much as 6 eurocents lower than a week ago.
From the beginning of March, the ISW exchange rate was EUR 2.35 per kilogram. It is worth mentioning that this was the highest price since last fall. However, the last two sessions ended with a significantly lower bid. First, Friday’s auction ended with a result 3 eurocents lower, and yesterday’s session brought an identical drop in prices. The bid auctioned yesterday is EUR 2.29 per kilogram.
During yesterday’s session, only two out of six batches of animals were sold (a total of 320 out of 960 fattening pigs).
Converted into Polish zlotys (according to the euro exchange rate from yesterday: 1 EUR = 4.32 PLN), the rate from the small exchange is PLN 9.89/kg compared to PLN 10.20/kg a week ago.
The most important question now is whether the observed reductions on the ISW exchange will translate into today’s auctions of a large exchange, which has a direct impact on the price level in Poland. We’ll find out in just a few hours.
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