There was no change in Irish pig prices last Friday with producers reporting an average price of circa €2.28/kg for pigs sold in ROI. There are pig farmers reporting up to 4c/kg above the average, with growing demand for ROI born and reared pigs.
The EU average price for week 21 for grade E carcass was 209.3c/kg excluding vat. This is .7% higher than the previous week but is representative of an 2.8% increase on last month’s prices and is -5% behind prices for the same month last year.
The EU has slightly raised it’s wheat production forecast for 2025/26 to 134.6 million tonnes. Despite this, overall wheat supplies remain tight, with end-of-season stocks expected to be 13.6% lower than last year and well below the average of recent years.
This tighter balance means any weather issues in Europe could push prices up. However, recent good weather, the start of harvest, and large global grain stocks are keeping prices in check for now. So while there’s potential for price rises, global supply will likely keep a lid on how high they go.
