Producer share of retail price steady in November
Farmgate prices fell once again in November, to the lowest level this year, leading to the share of retail price received by producers staying at 34%, despite lower retail prices.
Since January, farmgate prices have fallen by 10% while the percentage share received by the producer has fallen by three points over the same time frame. In November, the average retail pork price decreased by 6p/kg (around 2%). However, while the average retail price for November was 3% lower than the same point last year, farmgate prices have recorded a greater reduction over the same time frame of 14%. Therefore the producer’s share of the retail price was four percentage points down on the year.
Average retail pork prices were slightly down on the month in November, with an average drop of 1% across all the cuts monitored by AHDB MI. Boneless shoulder recorded the largest decrease of 4% month on month, while loin chops and diced pork both recorded a fall of 3%. Fillet of pork and boneless leg recorded smaller decreases of 2% and 1% respectively. Nevertheless, both traditional pork sausages and minced pork increased in price during November, by 4% and 2% respectively. Despite the decrease on the month, the average retail price across all cuts was about the same as a year earlier, as there were contrasting trends for different cuts. While fillet end leg was 6% more expensive than last year, diced pork was 6% less expensive. Other cuts recorded smaller year on year changes.