With no change in quotes for pigs once again this week and €1.40c/kg being the most common price achieved, Ireland has slipped to 95% of the European average pig price.
There was no official increase in the Irish pig price again this week; most suppliers are receiving around the €1.40c/kg mark for their pigs, but there is considerable variation above this price point.
IFA President Joe Healy said Irish pig prices must rise over the coming days and weeks and an increase is fully justified.
IFA National Pigs Chairman Tom Hogan called on all pig factories to look at the market realities in the UK and Europe, and lift Irish pig prices above the €1.50c/kg price required to break even.
Pig processors announced no increase in quotes for this week, despite all market indicators pointing towards a price rise towards the €1.50c/kg break even mark.