Producer share of retail price falls in November
In November, the producer share of the retail price for pork continued its downward trend and fell to 38%.
The latest AHDB/BPEX information shows that in November the producer share of the retail price for pork continued its downward trend and fell to 38%. This is the lowest share since March 2012 and is the result of the biggest month on month fall of farmgate prices this year; at 150p per kg they were down nearly 6p from October. In contrast, retail prices returned to levels seen in September, helped by the run up to Christmas. This has put producers’ share at five percentage points less than in November 2013. The most recent data shows that the producer share for bacon has also decreased, standing at 35% in October, influenced by increasing retail prices. This represents a three point decrease in the share received by the farmer in October 2013.
The change in retail pork prices in November were varied across the categories of pig meat sold in GB. Fillet of pork recorded the biggest decrease of 3% with traditional pork sausages and fillet end leg also experiencing small decreases in retail price. Static prices or marginal increases were seen in the other cuts with the exception to boneless leg joints, which increased in price by 2%. However, over the last year loin chops have seen a significant 18% increase in price whilst all other categories have decreased. Boneless leg fell by 10%, loin steaks and sausages by 9% and other cuts had smaller decreases, including minced pork falling 4% and diced pork 2%.