Solid demand results in pig price rise in Ireland
Strongest demand is reported to be coming from the northern part of the country and across the border in Northern Ireland.
Tom Hogan welcomed this increase but called on the processing industry to be mindful of the delicate financial status on pig farms across Ireland, after the well documented difficulties of the past two years.
The current price is covering the cost of production, but the financial losses sustained needs to be recouped in 2017 to ensure Ireland’s third largest agricultural sector survives.
Ireland’s percentage of the EU price has improved and is currently 101% of the EU average price as reported to the EU Commission for the week commencing 11/1/2017.
Factory pig throughput in Republic of Ireland export plants for the week ending Jan 7th 2017 was 49,371 head which was 13,894 head more than the previous week and 13,613 less than in the corresponding week in 2016.
Slaughtering’s in ROI export plants is -21.6% behind the same period in 2016. ■