Pig Price Update 21st August
Irish pig producers were left disappointed last Friday with another week when Irish pork processors decided not to follow the European market trends.
The Irish pig price is remains at €1.76c/kg for another week, while the European pig exporting nations of Germany, Holland and Denmark drive on and prices have hit €1.90c/kg. The situation in Ireland, which is also very much influenced by the EU markets and should follow the European price upwards, but has lagged behind for three weeks now. Similar to previous weeks, there is pigs moving at above quoted prices but IFA Pigs Chairman Tom Hogan called on the processing sector to officially increase the price and return at least 4c/kg to all farmers this Friday. A 10c/kg increase is required in the short term, just to bring the Irish pig price in line with our European counterparts.