IFA National Pigs Committee Chairman Pat O’Flaherty said it is very encouraging to see European prices moving on again this week with France, Germany, Spain and Denmark all passing back healthy price increases to producers.
However, it is crucial that Irish processors do not become complacent and ensure improvements in trade are reflected in farm gate prices.
Demand for pork is currently strong and is likely to remain due to a combination of factors including the holiday season, the Euros fast approaching and a continuing strong export market. Evident that an imminent price increase is clearly justified.
Ireland is currently 99% of the EU average price as reported to the EU Commission (wk beginning 23/5/2016).
Factory pig throughput in Republic of Ireland export plants for the week ending May 28th 2016 was 60,508 head which was 3,974 head less than the previous week and 1,502 more than in the corresponding week in 2015.
Slaughtering’s in ROI export plants is 6.7% ahead of the same period in 2015.
Top prices on a flat rate basis </= 148/kg cent/kg in Dawn and </=147 cent/kg in Rosderra Meats, Karro Northern Ireland ~144c/kg.
The price range is </=144 cent/kg.
50 – 55c/kg DW.
Week-ending 28/5/2016 Pigs: 60,508 Sows: 1,718
EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 23/5/16
- Irish price €1.40kg
- EU–27 average price €1.41kg
(Grade E pigs – 55% to 60% lean meat excluding VAT but including transport and bonuses).
Pig prices reported to IFA week-commencing 06/06/16
- Rosderra </= €1.47/kg
- Dawn</= €1.48/kg
- Staunton’s</= €1.48/kg
- Kepak </= €1.46/kg
- Karro </= €1.48/kg