Producers’ share of pork retail price reaches 28-month high
The producer share of retail pork prices increased once again in November, by 1 percentage point on the month, to 40%.
This is the largest share received since July 2014 and is six points higher than a year ago. Retail prices fell slightly (-0.6%) on the month in November and were similar to the same point in 2015, meaning that further increases in GB pig prices were responsible for the increase in producers’ share. The EU-spec APP gained 4.82p on the month and 22.17p/kg on November 2015.
In terms of price movements for individual cuts, boneless leg, boneless shoulder, loin chops and diced pork all recorded marginal changes on the month. Minced pork recorded the greatest price movement, falling 4% on the month, while the price of loin steak and traditional sausages decreased by 2% and 1% respectively. On the other hand, the price of fillet end leg and fillet of pork both recorded 3% increases on the month. Compared to a year ago, most cuts recorded price increases. Fillet end leg showed the greatest increase of 7% over the year, while fillet of pork, boneless shoulder and loin chops gained 5%, 2% and 3% respectively. Boneless leg and diced pork prices increased slightly over the same time frame. Loin steaks recorded the greatest price decrease on the year of 7%, while minced pork and traditional sausage prices both lost 6%.
Millie Askew, Analyst
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