Irish market growing despite challenging finances
Read our latest analysis of developments in the Irish pig market.
The UK’s nearest neighbour, Ireland, has a relatively small pig herd, with fewer than 150,000 breeding sows. However, the country’s small population means that it is still a significant pork exporter. Given the UK’s proximity, much of Ireland’s exported pig meat ends up on its market; Ireland is the fourth largest supplier overall and the largest source of processed imports.
The Irish pig herd has been in expansionary mode lately, with 5% more pigs slaughtered in 2014 than the previous year. In the first five months of this year, throughputs were up 7% year on year. However, with current price levels below production costs, the expansion of production may come to an end later in the year.
To read more about recent developments in the Irish market and implications for the UK, click here.