The agreement was signed by the pig trading company (PTC), that includes several producers, and Ter Beke Processed Meats, the leader in the market of packaged meats in Benelux.
Both parties have stressed a stable price for 2017. This is the first test, and it covers a volume of several hundreds of tonnes, an amount that could grow significantly if the test is deemed positive by both parties.
The pig producers have also covered the purchase of the feeds needed in the futures market with the aim of obtaining a stable margin.
Thursday, 5 January 2017/Vilt/ Belgium.