Are Retail Price Hikes Really Beneficial?

by 5m Editor
14 May 2008, at 12:38pm

UK - Despite steady retail price increases, pig producers are continuing to struggle, and are leaving the industry in droves, says BPEX chief executive Mick Sloyan.

According to Farmers Guardian, his message came at the British Pig and Poultry Fair Tuesday morning, as he called on retailers to pass on the price increases to the consumer.

He said that whilst retail prices of pork and pork products was up 31 a kilo, producers have seen only a 10p rise in the price they receive.

“The basket price for pork, bacon and ham from the big four retailers which we monitor each week shows an increase of nearly 31 a kilo at a time when the price paid to producers has risen by just 10p. It makes you wonder where has the money gone?

“I believe that if retailers take a strategic view of their business and ensure sufficient money gets down the chain to pig producers to cover their costs, then everyone will benefit.

“Consumers will not need to pay much more, retailers will continue to make a profit and most important of all, we will be able to meet continuing demand of British consumers for top quality, high welfare pork, bacon, ham sausages and pies.“

View the Farmers Guardian story by clicking here.

5m Editor