Producer’s share of retail price rises for second consecutive month
Although remaining at a historical low, the producer’s share of the retail pork price increased slightly in June, to 33%.
This was one percentage point higher than May and the highest level of 2016 so far. However, this figure is still two percentage points down on June 2015. While the farmgate price has continued to rise since March, the retail price remained unchanged from May to June. Nevertheless, the price received by producers was 9% lower than a year before, while retail prices had fallen by only 4% compared to June 2015.
While the retail prices in June remained unchanged overall, there were small movements in most cuts, with some cheaper and others more expensive. There were lower prices for boneless shoulder (-2%) and fillet end leg (-3%). Boneless leg, diced and minced pork all increased by 1% each, while prices of loin chops and traditional pork sausages remained static.
Over the longer term, there were mixed trends in prices compared to June 2015. The biggest falls were for boneless shoulder, loin chops and diced pork (each -6%). Lower falls were recorded for minced pork (-1%) and loin steaks (-2%), while boneless leg remained unchanged on a year ago. However, the falls offset slightly by increases in the prices of traditional pork sausages (+2%), fillet of pork (+4%) and fillet end leg (+5%).
Dorian Harris, Analyst
Dorian.Harris@ahdb.org.uk, 024 7647 8850