Producer share of retail pork price continues to fall
According to the latest figures collected by AHDB/BPEX, in April, producers received an average 40% of the total retail pork price.
According to the latest figures collected by AHDB/BPEX, in April, producers received an average 40% of the total retail pork price. This was 1% down compared with the previous month and 2% since the start of the year. The declining producer margin is a result of the retail price increasing at a faster rate than the farm gate price. The latest price spread calculations showed that the producer share of the retail price was at its lowest level since August 2012. Producers were in a better position in April last year, when their share of the retail price was 42%. Final bacon price figures for April are unavailable but the share of the retail price received by producers in March of around 37% remained unchanged compared with both the previous month and March 2013.
Retail pork prices generally remained strong in April compared with the same month in 2013. Traditional pork sausages and minced pork were the only two categories whose prices are monitored which recorded year-on-year declines, of 3% and 1% respectively. The largest increases were recorded for loin chops (up 15%) and diced pork (up 10%), while prices rises for other cuts ranged between 1% and 5%. The month-on-month changes in retail pork prices showed a mixed picture. Loin chops and diced pork prices strengthened by as much as 15% and 6% respectively compared with March. In contrast, prices for traditional pork sausages and minced pork came down by 6% and 4% respectively. In addition, there were smaller falls for boneless leg (down 1%) and boneless shoulder (down 2%).