167% in­come gain on English pig farms

Irish Examiner - Farming - - FARMMARKETS -

The Ir­ish pig price re­mains sta­ble at €1.561.58/kg this week at all the main pig pro­cess­ing fac­to­ries, ac­cord­ing to IFA, with higher prices re­ported for some spot loads, espe­cially for lighter pigs, and many pig farm­ers hav­ing longer-term deals at higher prices. How­ever, UK and EU pig prices have con­tin­ued to weaken, due to the com­bi­na­tion of a re­duc­tion in Chi­nese de­mand, ris­ing pig num­bers across main­land Europe and in the US, and STATIC de­mand trends.

IFA Pigs Com­mit­tee Chair­man Tom Ho­gan has called on all stake­hold­ers in the in­dus­try, and the Ir­ish Gov­ern­ment, to be cog­nisant of the del­i­cate fi­nan­cial po­si­tion of Ir­ish pig pro­duc­ers. In con­trast, just how good a year it was for UK pig farm­ers is re­flected in the av­er­age in­come for spe­cial­ist pig farms in Eng­land grow­ing by 167% for 2016/17, from £21,600 to £57,800, ac­cord­ing to gov­ern­ment sources. Global pork pro­duc­tion will rise by al­most 2% on the year to 113.1 mil­lion tonnes in 2018, ac­cord­ing to the lat­est USDA forecasts. Ex­pan­sion in China is an­tic­i­pated to be the driv­ing force, with pork pro­duc­tion ex­pected to rise 2% to nearly 55 mil­lion tonnes in 2018.

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