The figures, based on a June livestock count, show that domestic production in the third quarter of 2008 is expected to be 2.3% lower than in the same quarter of 2007 and production for the fourth quarter is expected to be 4.1% lower than 2007.
The nation is expected to rear 4,783 million pigs this year, a 2% year-on-year decrease. In the first quarter of 2009, a 4.6% decrease over the same period of 2008 is expected, whilst a year-on-year decrease of 2.3% is expected for the second quarter.
Producer prices for pigs had fallen 9.2% in 2007 to an average slaughterweight of €1.33/kg, but in the first half of 2008, prices picked up to some extent, rising to €1.37/kg in the first quarter and reaching €1.54/kg in the second quarter. Consumer prices for pigmeat increased in the first half of 2008 by between 2.1% and 3.4% depending on cuts.Click here for the free Pig Progress newsletter