Pig producers receive highest share of retail price since July 2014

Pork producers are receiving a higher return
Pork producers are receiving a higher return

Pig producers are receiving the largest share of the retail price since July 2014.

The share of pork retail prices received by producers increased by over one percent point on the month in April, to 41.8%.

While the average retail price decreased slightly, average farm gate prices rose by over 4p/kg on the month, driving the increase in share received by producers in April.

In addition, with the average pig price remaining considerably higher than April 2016, the current producers share is nearly 11 percentage points up on the same point in 2016.

A survey which keeps an eye on the levels of British pork in supermarkets has noted that retailers are now importing considerably more bacon than a year ago, when UK producer prices were in a downward spiral.

The latest AHDB Pork Porkwatch survey was described as 'disappointing' by the National Pig Association (NPA).

But UK pork exports have been the highest they have ever been since 1999, according to figures by AHDB Pork.

In December, the volume of UK pig meat exports increased on the year for the first time since August.

At over 15,600 tonnes, shipments of pig meat from the UK were 3% higher than December 2015 and the highest volume exported in the month of December since 1999.