ThePigSite.com - news, features, articles and disease information for the swine industry

News

Producer Share of Pork Retail Price Continues to Fall

16 March 2016

British Pig Executive

UK - The share of the retail pork price received by producers fell again in February, despite already being at its lowest level in over a decade.

Farmgate pig prices continued to fall in February 2016, although the rate of decline has steadied of late, to average 116.66p/kg, the lowest level recorded since March 2008. This was a decline of almost 5p/kg from the previous month.

However, over the same period, the average retail price increased by over 1 per cent, leaving it at a similar level to a year earlier. The result of this was that the share of the retail price received by the producer fell again, to 30 per cent, at a time where the percentage share was already at the lowest level seen for over a decade. Compared with the same period last year, the percentage share received by producers has fallen 6 percentage points.

undefined

There was a dichotomy in retail price movements by cut in February, according to the data collected by AHDB Market Intelligence.

Boneless leg and boneless shoulder both saw increases of 3 per cent, traditional pork sausage prices rose by 2 per cent and fillet of pork and minced pork were up by 1 per cent. Fillet end leg and loin steak prices largely stood on, while loin chops and diced pork both recorded price decreases, of 1 per cent and 2 per cent respectively.

When compared with the same period a year earlier, fillet end leg and fillet of pork both showed a marked increase in the average retail price (of 9 per cent and 7 per cent respectively), while the largest decrease was recorded in the retail price of diced pork (-4 per cent).

With the exception of boneless leg, which has seen a year-on-year retail price increase of 5 per cent, all other cuts recorded minor price decreases of no more than 2 per cent, or largely stood on.

ThePigSite News Desk Read more BPEX News here

Top image via Shutterstock



Share This

News By

Related News

More News

China Pork Market

News from China   21 September 2016

Our Sponsors

Partners


Seasonal Picks

The Commuter Pig Keeper - 5m Books