European pig market moving in varying directions
Chairman of IFA Pigs Committee, Pat O’Flaherty said the European market is moving in varying directions. Prices moved ahead last week in some European countries including Spain and France. On the Irish market, prices remained static.
France and Spain moved positively with reports of farmers holding back pigs from processors to achieve a better price. The UK spot market also moved on. Prices on the Irish market remained static, IFA hopes their home market will pick up throughout the summer and deliver a better price to Irish producers. Ireland for the week commencing 8th June was at 102% of the EU average.
Factory pig throughput in Republic of Ireland export plants for the week ending June 13th 2015 was 59,718 head, which was 11,650 head more than the previous short week and 3,241 more than in the corresponding week in 2014. Slaughtering's in ROI export plants is 7.7% ahead of the same period in 2014.
EU-27 Pigmeat Reference Price WK commencing 8/6/15
Irish price €1.50kg - EU–27 average price €1.47kg
(Grade E pigs – 55% to 60% lean meat excluding VAT but including transport and bonuses).
Pig prices reported to IFA week-commencing 22/06/15
(All prices dependent on grading of pigs)
Major secondary processors using less Bord Bia QA product
Chairman of the IFA Pigs Committee Pat O'Flaherty said that prices moved ahead in some European countries including Spain and France. On the domestic market, prices remained static this week with a 5c gap remaining between the highest and lowest prices. CSO figures indicate that imports for the first 4 months are back 12%. However scanning the supermarkets it is clear that some major secondary processors are using less Bord Bia QA product. IFA continues to encourage consumers to look out for the QA logo to be fully assured they are buying Irish and supporting Irish pig farmers.
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