Pig Price Update 30th April
Another good week for Irish pig farmers with an increase of 4c/kg across the board from all factories for this weeks pigs. This leaves pig farmers receiving a price of €1.64-€1.66c/kg, but with intense competition from all processors and agents to maintain numbers, some farmers have received 2/4cent above quotes.
IFA Pigs Chairman Tom Hogan welcomed what he saw as a further correction of the Irish pig price, which still is lagging behind the European average price. He said that the Irish marketplace has traditional returned 2-6% above the European average and this needs to be maintained. Hogan continued to say that while todays pig price was heading in the right direction, banks feed compounders and all other creditors will have to realise that it will take many months to recover the financial losses sustained during the crisis period which has only just ended.