Producer share of retail price continues to fall
During April, the farmgate pig price and retail pork prices diverged, with farmgate prices falling while retail prices increased.
This led to the share of the retail price being received by farmers falling marginally to just below 35%. This was only a small fall on the month but the producer share was over five points lower than in April 2014 as pig prices have fallen 17%, while retail prices have only dropped by 2%. This makes the share of the retail price being received by the farmer its lowest level in at least six years.
The rise in retail prices during April was due to higher prices for minced pork (up 8%), traditional pork sausages (2%), diced pork (1%) and boneless leg (1%). The only monitored cut to record falling prices was pork shoulder, down 1%, with all other cuts remaining stable. Compared to a year earlier, pork mince and loin chops were the only monitored cuts to increase in price, up 1% and 2 % respectively. All other cuts were cheaper, with boneless leg (down 10%), diced pork and loin steaks (7%) showing the largest falls.