Producer share of retail price stable in October
October figures calculated by AHDB/BPEX show that producers received 40% of the retail pork price. The producer share is in line with the figures from the previous two months, as retail prices have fallen at the same time as pig prices.
October figures calculated by AHDB/BPEX show that producers received 40% of the retail pork price. This is based on the APP price which has now replaced with the DAPP. The producer share is in line with the figures from the previous two months but these were based on the DAPP, which was usually slightly lower than the APP, so in reality the producer share has declined slightly. However, as with the pig price, the average retail price also fell in October, so the underlying month-on-month change was relatively small. As such, producers’ share of the final price was 3% lower compared with October 2013. Bacon retail prices are not yet available for the whole of October. However, the gap between retail and producer prices narrowed only marginally in September, with the producer share of the average retail price remaining at 36%. This was also around 3% down on a year earlier.
The marginal month-on-month fall in retail pork prices was mainly driven by a 7% decline for loin steaks and a 1% drop for minced pork. In contrast, prices for traditional pork sausages, fillet end leg and pork fillet actually increased slightly. Retail prices for the other cuts remained almost unchanged compared with September. However, annual comparisons highlight sharp declines across most cuts. Traditional pork sausage prices were down by 9% and boneless leg price by 8% on a year earlier. Price falls were recorded for the higher value cuts as well, including loin steaks (down 7%) and fillet of pork (down 6%). The only cut to record an increase was loin chops, where the average retail price was higher by 16% compared with October 2013.