Further 6c/kg drop in Irish pig prices
A 6c/kg Have Pig Further Prices Dropped
There was an announced drop of a further 6c/kg in pig prices on Friday across ROI processors, with producers reporting quotes ranging from €2.28-€2.34.
Factory throughput in Republic of Ireland export plants for the week ending September 1 was 64,665 head, which was 1,122 less than last week and 2,861 more than in the corresponding week in 2023.
Prices in Northern Ireland and the UK are still strong, with strong demand for pigs, while the English pig breeding herd has fallen to the lowest level on record, according to DEFRA’s June 2024 update.
The Standard Pig Price in the UK reported by AHDB currently is £2.06/kg (€2.44/kg). Their price has been pretty much stable there since Q1.
Rapeseed prices dropped by €21/t on Euronext's November 2024 futures yesterday, following a 7.3% plunge in Canadian canola prices in Winnipeg. China, a major buyer of Canadian canola, announced an anti-dumping investigation, raising the risk of import halts. This move is in response to Canada's new taxes on Chinese steel and electric vehicles. A situation comparable to their anti-dumping investigation into EU pigmeat.
