Producer share of retail price remains high in August
The share of the pork retail price received by producers in August decreased by 0.1 percentage points on the month to 43.9%.
This follows a peak since records began in July, but it still remains higher than June levels. The current share is nearly 22% (7.8 percentage points) higher than that of August 2016.
The average farm price fell by a nominal 0.08p/kg to 167.82p/kg after a period of consistent rises since February. Meanwhile, the average retail price continued to increase, by 0.6p/kg to 382.2p/kg; the highest figure observed since January, accounting for most of the marginal decline in producer share.
Regarding individual cuts, developments were mixed in August. Most notably, fillet end leg was 8% more expensive in comparison to the same month of 2016, and rose 1% on July figures. The minced pork price increased 2% month on month, but remained 4% cheaper than year earlier levels.
Diced pork, loin chops and pork shoulders all increased 1% on the month previous, while the price of pork fillets grew 2%. Pork leg (boneless) was the only cut that failed to remain stable or advance on July figures, declining by 1%.
Annie Linekar, Trainee Analyst
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