Producer share of retail price down slightly in September
Falling farmgate prices throughout September led to the share of the retail price received by producers declining to 35%.
Farmgate prices dropped by over 1% during the month, recording the largest change since March this year. Average retail prices remained unchanged from August, although they continue to be 2% behind the corresponding time period in 2014. The producer share of the retail price is five percentage points below the figure for 2014, as farmgate prices have recorded a much steeper fall than retail prices.
Retail pork prices remained stable overall during September, with marginal changes recorded on a variety of different cuts. Minced pork showed the largest increase of 4%, with boneless leg (+2%) also increasing. Fillet of pork (-4%), boneless shoulder (-3%), traditional pork sausages and loin chops (both -1%) all recorded decreases in price. Overall, the average retail prices across all the cuts monitored by AHDB MI were 0.4 points back on the year earlier. However, loin steaks and boneless shoulder were 8% and 5% cheaper respectively, while fillet end leg was 7% more expensive. Smaller movements were recorded for other cuts.