Producer share of retail price remains strong

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The share of pork retail prices received by producers remained healthy during January, at 40%. This represented a small fall of less than half a percentage point on December.

Nevertheless, substantially higher pig prices, relative to 2016, meant the share was eight percentage points higher than the same month a year earlier. The EU-spec APP lost 0.69p on the previous month during January, to stand at 153.85p/kg. This, coupled to a small increase in average retail prices, was responsible for the marginal decline in the producer’s share month on month.

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Retail pork prices for most cuts were static on the month during January, though a few exceptions showed small increases. Minced pork and pork fillets showed price increases of 2%, while loin chops rose by 1%. Relative to January 2016, price movements were more mixed. Diced pork, minced pork and loin steaks were all back in price by 5%, 4% and 3% respectively, while traditional pork sausages were only 1% cheaper. Conversely, leg cuts were more expensive, with fillet end leg up 5% on the year, while boneless leg was also up 3%. A similar increase was also seen for boneless shoulder, while pork fillets rose by only 1% and loin chops remained stable on the year.

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Bethan Wilkins, Analyst

bethan.wilkins@ahdb.org.uk, 024 7647 8757