IFA Pigs Chairman Tom Hogan has welcomed the positive news which emerged from the southern processors Dawn and Stauntons of a 4c/kg increase for this current week.
This leaves the price in the €1.72-1.74c/kg range for most suppliers.
At a price of €1.74c/kg, it leaves the Irish price at the same level as the European average. With higher input costs in Ireland, the Irish price needs to be above the European average price to compete with our continental neighbours over the longer term.
The 4c/kg increase was not across the board as the main processors in the midlands and north did not officially increase prices, but the word on the ground is that most pig suppliers received increases from Rosderra, McCarron’s and Karro in the North over the past few weeks. €1.72- 1.74c/kg seems to be a price that most suppliers are achieving with many above this figure.
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 19/06/2017.
Factory pig throughput in Republic of Ireland export plants for the week ending June 24th 2017 was 62,435 head which was 153 head more than the previous week and 2,355 more than in the corresponding week in 2016. Slaughtering’s in ROI export plants is -0.8% behind the same period in 2016.
Export Plants: Top prices on a flat rate basis </= 174cent/kg in Karro, Staunton’s and Dawn, </=172cent/kg in Kepak and Rosderra.
Sows: 95 – 110c/kg DW.
Weekly Slaughterings: Week-ending 24/06/2017 Pigs: 62,435 Sows: 1,733
EU-27 Pigmeat reference price week commencing 19th June 2017
Irish price €1.66kg
EU–27 average price €1.77kg
(Grade E pigs – 55% to 60% lean meat excluding VAT but including transport and bonuses).