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Producers Share of Pork Price Continues to Rise

14 September 2016

British Pig Executive

UK - The producer’s share of the retail pork price recorded increased marginally in August, reaching 36 per cent, the highest share for the past 18 months.

This was 1 percentage point greater than both the previous month and the same point last year.

However, this still remains significantly behind the 40 per cent plus share of retail price producers were enjoying back in 2014.

The increase in producers share has been assisted by the continued recovery of GB pig prices at a time when the retail price has remained largely stable. Pig prices continued to increase into August, with the EU-spec APP up over 7p/kg in August on the previous month, and over 1p on the same period a year earlier.

At the same time, the retail prices also rose in August up by 1.5 per cent on the previous month, but remained 1.1 per cent below August 2015.

The rise in retail pork prices in August was largely due to higher prices for loin chops (+4 per cent), and other cuts experienced a 1 per cent increase, with the exception of pork fillet, loin steaks and diced pork, which stood on.

Over the longer term, boneless leg and minced pork both increased by 2 per cent and pork fillet increased by 1 per cent. However, most other cuts fell in price. The biggest fall was with traditional pork sausages which were down by 4 per cent; boneless shoulder, loin steaks, loin chops and diced pork all fell by 3 per cent versus August 2015, while fillet end leg decreased by 2 per cent over the same period.

ThePigSite News Desk Read more BPEX News here

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