There was no change last Friday in any quotes for pigs from Irish factories. Irish pig farmers continue to lose money at an unsustainable rate, with the gap between the prevailing pig price of €1.38c/kg and the ever-rising cost of production, getting close to 20c/kg. An actual loss over the cost of producing a factory fit pig is at €14 per pig. No doubt the pig sector has seen turbulent times before and will again, but a low and falling pig price coupled with the soaring cost of grains is jeopardising the viability of the sector. IFA pigs chair Tom Hogan again called on Minister for Agriculture Michael Creed to call an emergency meeting of all stakeholders in the sector immediately, to decide on positive actions to help save Ireland’s third-largest agricultural sector.
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There was no change last Friday in any quotes for pigs from Irish factories. Irish pig farmers continue to lose money at an unsustainable rate, with the gap between the prevailing pig price of €1.38c/kg and the ever-rising cost of production, getting close to 20c/kg. An actual loss over the cost of producing a factory fit pig is at €14 per pig. No doubt the pig sector has seen turbulent times before and will again, but a low and falling pig price coupled with the soaring cost of grains is jeopardising the viability of the sector. IFA pigs chair Tom Hogan again called on Minister for Agriculture Michael Creed to call an emergency meeting of all stakeholders in the sector immediately, to decide on positive actions to help save Ireland’s third-largest agricultural sector.
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