Price Trends

1. Lorna Dawson

2. UK Pig Meat Imports

3. Producers share of retail price still low, but rising slowly

1. Import Custom Duties

Specific import customs duties are converted to sterling using the market rate of exchange published in the Official Journal of the European Union on the penultimate working day of the previous month.

August 2017 rate: €1 = £0.88978 quoted on 27 July 2017.

Source: EU Commission

2. Pig Prices (UK Spec)

3. Pig Prices (EU Spec)

1. Record-breaking GB pig prices- week ended 22 July

At 164.43p/kg, the EU-spec SPP reached the highest level since the series began in April 2014, for week ended 22 July.

2. EU pig meat exports to China continue to struggle

EU total pig meat exports in May were 19% down on the year at 284.4 thousand tonnes, driven by a sharp fall in fresh/frozen pork shipments to China. However, volumes exported were 9% higher compared to April.

3. EU pig meat production falls in April

In April EU pig meat production fell by 9% on the year to 1.8 million tonnes, according to latest data from the EU Commission.