Rosderra and Kepak-McCarron’s followed the lead of Dawn Pork & Bacon and Staunton’s by increasing their pig price 4c/kg last Friday. This leaves quotes ranging from just below €1.70c/kg up to reported deals around €1.74c/kg.
With the increased cost of feed inputs that now appear to be embedded for a sustained period into the future this price point of €1.70c/kg is now what am Irish pig farmer requires just to cover all costs of production and remain viable. Across European markets, the Spanish continue to lead the way at €1.87c/kg, driven by strong demand from Asian buyers.
There are signs that the price will recover in other EU countries that are below the EU average price, such as Germany who are anticipating a price recovery with reopening of the foodservice sector as Covid restrictions hopefully ease.
Top prices on a flat rate basis
<= €1.68/kg-€1.72c/kg in Rosderra and Kepak
<=€1.72/kg – €1.76/kg in Karro (Cookstown),
<= €1.70/kg – €1.74/kg in Dawn Pork & Bacon
<=€1.68/kg -€ 1.74/kg in Staunton’s