European Pig Price Returns Need to be Reflected in Irish Prices, Says IFA

Fri, 09 Jun 2017

IRELAND - Official pig price quotes remain static around the €1.70c/kg mark, reports IFA Pigs Chairman Tom Hogan.

Irish pig farmers need to have the current market returns which are evident across the main pig producing countries of Europe reflected in an immediate price increase.

There has been upward movement in both the slaughter pig price and weaner trade, in Germany, Holland, Spain, the UK and France over the past few weeks with processors in these countries paying significantly above the Irish price of €1.70c/kg.

Ireland is now well below the EU average price and this is not a situation that can be sustained going forward.

Mr Hogan said, "In order for Irish pig farmers to compete, we have to at least follow the trade of our European neighbours. I am calling on all pig processors to lift pig prices up to €1.80c/kg."

Ireland’s percentage of the EU price has improved and is currently 94 per cent of the EU average price as reported to the EU Commission for the week commencing 22 May 2017.

Factory pig throughput in Republic of Ireland export plants for the week ending 27 May 2017 was 62,123 head which was 891 head less than the previous week and 1,609 more than in the corresponding week in 2016. Slaughtering’s in ROI export plants are -1.2 per cent behind the same period in 2016.

Export Plants: Top prices on a flat rate basis </= 170cent/kg in Karro, Staunton’s and Dawn, </=168 cent/kg in Kepak and Rosderra.

Pork Slaughters: The price range is </=160 cent/kg.

Sows: 95 – 100c/kg DW.

Weekly Slaughterings: Week-ending 27 May 2017 Pigs: 62,123 Sows: 2,066

EU-27 pigmeat reference price week commencing 22 May 2017

Irish price €1.65kg

EU–27 average price €1.75kg

(Grade E pigs – 55 per cent to 60 per cent lean meat excluding VAT but including transport and bonuses).