There was no change in Irish pig prices on Friday last, with producers reporting a broad spread of prices across the Republic of Ireland. Those operating under the graded pricing system have reported slightly higher prices for certain pig weight categories, though the average price for pigs processed this week remains between €1.74/kg and €1.78/kg. Pig farmers who are selling their pigs to the North are on higher prices than those quoted above and the same is the case for farmers selling pigs on the grading pricing structure in the South.
The average price for grade E pig carcasses in week 22 was €1.60/kg (excluding VAT), reporting a 0.3% increase compared with last week’s average price. When compared with the previous month prices have decreased 4.2% and remain 24.5% behind the same period last year.
According to the latest Agritel report, having been destabilised at the weekend due to escalations in the middle east, oil prices have again recovered and remain around the 90$/barrel mark. Favourable weather conditions across Europe and America have been strengthening prospects for crops leading to minor price drops in international crop markets in Corn. However, most cereal and rapeseed prices continue to remain stable.
