Producers' share of retail price climbs in April
The share of pork retail prices received by producers increased by over one percentage point on the month in April, to 41.8%. Furthermore, this remains the largest share received by producers since July 2014.
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.
Little movement was recorded in retail pork prices on the month in April for boneless leg, fillet of pork and loin chops. Traditional pork sausages recorded a price increase of 2% compared to March, while boneless shoulder, diced pork and minced pork prices all increased by 1%. However, fillet end leg and loin steak prices both fell 1% on the month.
Compared to April 2016, price movements amongst the different cuts were more diverse. Fillet end leg recorded the largest rise of 6%, while loin chop prices rose by 4% compared to the same period in 2016. Boneless leg and diced pork values recorded more modest increases of 2% and 1% respectively, while boneless shoulder and fillet of pork prices both remained unchanged year on year. On the other hand loin steaks were 7% cheaper than April 2016, while the value of traditional pork sausages and minced pork fell by 3% and 1% respectively.
Millie Askew, Analyst
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