Producers share of pork prices continuing to increase

Pig prices continued to increase into August, with the EU-spec APP up over 7p/kg in August on the previous month
Pig prices continued to increase into August, with the EU-spec APP up over 7p/kg in August on the previous month

The producer’s share of the retail pork price increased marginally in August, reaching 36%, the highest share for the past 18 months, according to AHDB Pork.

This was 1 percentage point greater than both the previous month and the same point last year.

However, this still remains significantly behind the 40% plus share of retail price producers were enjoying back in 2014.

Graph
Graph

The increase in producers share has been assisted by the continued recovery of GB pig prices at a time when the retail price has remained largely stable.

Pig prices continued to increase into August, with the EU-spec APP up over 7p/kg in August on the previous month, and over 1p on the same period a year earlier.

At the same time, the retail prices also rose in August up by 1.5% on the previous month, but remained 1.1% below August 2015.

The rise in retail pork prices in August was largely due to higher prices for loin chops (+4%), and other cuts experienced a 1% increase, with the exception of pork fillet, loin steaks and diced pork, which stood on.

Over the longer term, boneless leg and minced pork both increased by 2% and pork fillet increased by 1%. However, most other cuts fell in price.

The biggest fall was with traditional pork sausages which were down by 4%; boneless shoulder, loin steaks, loin chops and diced pork all fell by 3% versus August 2015, while fillet end leg decreased by 2% over the same period.