There are signs of improvement in the domestic pigmeat sector with a price rise for farmers in the past week.
ADVERTISEMENT
There has been some respite in the past week for Irish pig farmers with prices having risen 4c/kg. While still well below the cost of production for the majority of farmers, the 4c/kg rise means pig prices are standing at approximately €1.43/kg.
The rise in Ireland comes two weeks after German prices rose by a similar level. There are renewed hopes that pig prices will continue to rise.
There are reports of strong demand in China with it likely to continue through the second half of the year. Stringent environmental restrictions and difficulty in obtaining credit is hampering domestic pig producers in China.
ADVERTISEMENT
Feed prices have also eased since the start of the month. Certain ration prices have fallen back by as much as €8/t to €10/t. A price reduction of €10/t equates to 4c/kg in terms of pig prices.
Despite the increase in prices, pig farmers are still very much in a loss-making period and will be holding out for further increases as we approach the peak summer season.
The IFA pig committee is meeting all the domestic retail chains, but the committee had expressed concerns that branded pigmeat products are not carrying the Bord Bia Quality Assurance mark.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
There has been some respite in the past week for Irish pig farmers with prices having risen 4c/kg. While still well below the cost of production for the majority of farmers, the 4c/kg rise means pig prices are standing at approximately €1.43/kg.
The rise in Ireland comes two weeks after German prices rose by a similar level. There are renewed hopes that pig prices will continue to rise.
There are reports of strong demand in China with it likely to continue through the second half of the year. Stringent environmental restrictions and difficulty in obtaining credit is hampering domestic pig producers in China.
Feed prices have also eased since the start of the month. Certain ration prices have fallen back by as much as €8/t to €10/t. A price reduction of €10/t equates to 4c/kg in terms of pig prices.
Despite the increase in prices, pig farmers are still very much in a loss-making period and will be holding out for further increases as we approach the peak summer season.
The IFA pig committee is meeting all the domestic retail chains, but the committee had expressed concerns that branded pigmeat products are not carrying the Bord Bia Quality Assurance mark.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS