Producers share of retail price remains stable in March
The share of pork retail prices received by producers remained unchanged on the month in March at 40.5%. Nonetheless, this remains the largest share received by producers since July 2014.
While the EU-spec APP increased on the month in March, a greater rise in the average retail price led to the producers share remaining stable. Nevertheless, pig prices remain considerably higher than the same point in 2016, leading to the current producers share being over 10 percentage points up on March 2016.
The majority of retail pork prices for different cuts remained unchanged or recorded slight increases on the month in March. The few exceptions were traditional pork sausage prices which fell by 2% as well as fillet end leg and fillet of pork values which both decreased by 1% on the month.
Relative to March 2016, price movements amongst the different cuts were more diverse. Fillet end leg values recorded the greatest rise of 7% on the year. Boneless shoulder, fillet of pork and loin chop prices recorded a more modest increase of 1%, while boneless leg prices remained unchanged year on year. On the other hand, loin steaks, diced pork and traditional pork sausages were all 5% cheaper than March 2016, while the value of minced pork fell by 4%.
Millie Askew, Analyst
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