European pig price returns need to be reflected in Irish pricesStaff Writer | June 9, 2017
Official pig price quotes remain static around the €1.70c/kg mark reports IFA Pigs Chairman, Tom Hogan.
Ireland Official pig price quotes remain static
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.
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% of the EU average price as reported to the EU Commission for the week commencing 22/05/2017.
Factory pig throughput in Republic of Ireland export plants for the week ending May 27th 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% behind the same period in 2016. ■