Demand from processors has led to a 4c/kg rise in the pig price. This leaves the price farmers are quoted this week ranging from €1.94c/kg up to a common price of €1.96c/kg.
The trend and outlook for pig price remains positive with processors and exporters struggling to meet the demand for product from buyers. With todays pig price, IFA pig Chairman said the financial opportunity remains for some secondary processors to import cheaper pork product in place of Irish pigmeat. Hogan said the IFA is committed to ensuring maximum use of Irish pigmeat and is continuing with its DNA testing programme. This ensures pork and bacon products labelled as Irish are what there are supposed to be.