March 26, 2014

UK launches new price reporting to replace DAPP

The DAPP - a voluntary survey of prices paid by abattoirs in the previous week - is used by many processors to determine future prices on contracts.

The sample size was hit in January when Cranswick Country Foods and Karro Food Group decided to stop reporting their data.

For six months from April 16, the GB APP and DAPP will run alongside each other and then the GB APP will take over.

Lizzie Press, acting general manager of the National Pig Association, said she was disappointed it had reached this point, but was pleased with the result.

She said retailers, processors and producers would have to "take into consideration" that the new system would be slightly more historic than the DAPP.

BPEX director Mick Sloyan said good quality market information was vital for efficient and competitive pig production and processing, which will deliver a robust and sustainable price reporting system.