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September 19, 2016
 

UK producer's share of pork prices rises to 36%

 
 

The UK producer's share of the retail pork price increased 1% in August over the previous month, reaching 36%, the highest share for the past one and a half years, AHDB Pork said.

 

This is, however, significantly lower than the 40% plus share of retail price producers were enjoying back in 2014.

 

The producer's share has been boosted by the continued recovery of Great Britain 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, according to the pork division of the UK's Agriculture & Horticulture Development Board, the retail prices also rose in August 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 (+1%), 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 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 by 3% versus August 2015; and fillet end leg by 2% over the same period.

 

 

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.

 

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.

 

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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.

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