Producer share of pork retail price down slightly in July
In July, the share of the retail price received by producers remained just below 35%, which has been the level since April.
Farmgate prices recorded a marginal increase since the previous month but the average retail price saw a more significant rise, which has caused the producers’ share to drop by 0.4 percentage points compared to June. July 2015’s figure was 6 percentage points below July 2014, as farmgate prices are well below last year, while retail prices have recorded a minimal decrease.
Retail pork price trends were generally up in July, with an average retail price increase of 3% across the cuts monitored by AHDB MI. Traditional pork sausages saw the largest increase in retail price of 8% compared to the previous month, when the average price for pork sausages was the lowest since August 2011. Fillet end leg also recorded a large increase of 7%. Boneless shoulder and fillet both saw a 4% increase in retail price but there was a 2% decrease in the price of diced pork. The prices of boneless leg, loin steaks and diced pork all remained below levels seen in 2014. However, the price for fillet of pork was up by 6% compared to a year earlier, while both loin chops and pork sausages saw a 4% increase. Fillet end leg and boneless shoulder meat also increased in price by 2% compared to this time last year.