Pig farming over the past couple of years has been at a loss, with numbers showing it as a loss-making business. Over the past number of years, numerous piggeries have been forced to shut their doors.
Pig farmers have today been advised by The IFA’s Chairman of the Pigs Committee, Tom Hogan, to demand higher prices for their animals. He said that the Irish pig price remained stable again this week, with quotes from processors remaining settled. These quotes were in the range of €1.68 per to €1.70 per kilogram. Yet he still said there was a need countrywide for price increases.
Mr. Hogan then called on all pig farmers to demand an increase in pig prices from their processor.
If we look at comparing pig prices with that of other countries across Europe, we find the average European price sits higher than Ireland’s €1.70 p/kg. This leaves Irish farmers (excluding VAT) at only about 96% of European prices according to reports released by the European Commission for the end of April.
Factory pig throughput in Republic of Ireland export plants for the week ending Apr 29th, 2017 was 63,943 head, of which was 11,971 head more than the previous week and 311 more than in the corresponding week in 2016.
Meanwhile the report showed that Slaughtering’s in the country’s export plants is down 1.8% from 2016.
The report by the commission showed Irish pig prices at €1.64 per kilogram while the average EU price hit a higher €1.71 per kg.
With the number of exports increasing from 2016, it’s time now for the prices to follow suit.