Another bad news week for pig farmers both in Ireland and across much of Europe. Suppliers to both Rosderra and Kepak have had two consecutive 4c/kg price drops, leaving quotes as low as €1.60c/kg-1.62c/kg. Suppliers to Dawn Pork & Bacon and Staunton’s fared a little better to date with no change this week, but still down on the price achieved three weeks ago.
A significant price differential between suppliers to the different pig processors has once again emerged with 8-10 cent of a price difference in quotes. Across Europe, the story remains negative with the reduced demand from China being blamed for the slack export demand. The slow reopening of foodservice due to coronavirus is also keeping demand low, combined with the restrictions on international travel and tourism.
Top prices on a flat rate basis.
<= €1.62/kg-€1.66c/kg in Rosderra and Kepak
<=€1.66/kg – €1.70c/kg in Karro (Cookstown),
<= €1.68/kg – €1.72/kg in Dawn Pork & Bacon
<=€1.66/kg -€ 1.72/kg in Staunton’s