Why is the gap between APP and SPP growing?
The gap between the two main pig price series, the APP and SPP, has grown in the year since they were first introduced but why has this happened?
It is now just over a year since two new pig price series, the APP and SPP, were introduced to replace the long-running DAPP. Given that the APP includes premium pigs, it is unsurprising that it is higher than the SPP. However, the gap between them has risen over time. Last April, when the series were first introduced, it was around 2p/kg but has since increased to be closer to 4p/kg.
So why has this happened? Analysis of the reasons for the growing gap can be found by clicking here.