IFA National Pigs Committee Chairman Pat O’Flaherty said continental demand has helped push prices ahead again this week. Germany had the most notable increase with producers enjoying a 6c rise.
However, there is a clear message that a permanent price increase is what’s really needed to recoup the losses of the last 2 years. It is crucial that Irish prices move forward this week as we are now lagging behind the EU average.
Demand from China continues to prove hugely beneficial for EU exports with an 80% increase recorded in pigmeat exports for Q1 2016 YOY.
Ireland is currently 97% of the EU average price as reported to the EU Commission (wk beginning 30/5/2016).
Factory pig throughput in Republic of Ireland export plants for the week ending June 11th 2016 was 50,680 head which was 11,720 head less than the previous week and 2,612 more than in the corresponding week in 2015.
Slaughtering’s in ROI export plants is 6.5% ahead of the same period in 2015.
Export Plants: Top prices on a flat rate basis </= 152/kg cent/kg in Dawn and </=151 cent/kg in Rosderra Meats, Karro Northern Ireland ~152c/kg.
Pork Slaughters: The price range is </=152 cent/kg.
Sows: 60 – 65c/kg DW.
Weekly Slaughtering’s: Week-ending 11/6/2016 Pigs: 50,680 Sows: 1,806
EU-27 PIGMEAT REFERENCE PRICE WK COMMENCING 6/6/16
Irish price - €1.44kg
EU–27 average price - €1.49kg
(Grade E pigs – 55% to 60% lean meat excluding VAT but including transport and bonuses).
Pig prices reported to IFA week-commencing 20/06/16
- Rosderra </= €1.51/kg
- Dawn </= €1.52/kg
- Staunton’s </= €1.52/kg
- Kepak </= €1.50/kg
- Karro </= €1.52/kg
(All prices dependent on grading of pigs)
IFA National Pigs Committee Chairman Pat O’Flaherty said demand across the continent pushed prices ahead again this week. These increases are attributed mainly to the continued demand from the Chinese market. Exports from the EU to China have increased by 80% in Q1 2016 YOY. Irish prices must be reflective of these improvements in trade. Prices in recent weeks have slipped back to 97% of the EU average. Farmers are expecting a substantial price increase this Friday to reflect the positive market trend.