PIG MARKET REPORT 1st JULY

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No change in Irish pig prices with farmers receiving €1.64c/kg – €1.68c/kg in all the main export plants again this week. While the outlook for the remainder of 2020 looks overall, very positive, a number of unfortunate events in recent weeks have put speed bumps along the road to pig price recovery.

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As restaurants re-opens this week there is an air of optimism that the food service sector will begin to       return to some form of “new-normal”. Demand for early varieties continues as more Queens come onto   the market. Reports from early growers suggest average yields with some frost damage on the earliest  crops.

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Responding to the dairy results in the 2019 National Farm Survey (NFS), IFA National Dairy Chairman Tom Phelan said the results, which suggested a modest dairy farm family income increase, were less positive than one might think, and needed to be examined closely.

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IFA President Tim Cullinan said that the 2019 National Farm Survey by Teagasc shows the scale of the task facing the new Government.

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IFA President Tim Cullinan has congratulated the new Minister for Agriculture Barry Cowen on his appointment.

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