Lower producer share of retail pork prices in August

With the average farmgate pig price in August falling slightly to 167.9p/kg and retail prices increasing during the month, the producer share of the retail price fell to 42%, down one point from July. However, producers still received 2% more of the average retail price than in the same period in 2012.

Bacon prices for the whole of August are not yet published, but the producer share in July stood at 38%. This was also 2% higher than in the same month last year.

Compared to July, retail prices for the latest month recorded a 7% increase for fillet end leg and a 5% rise for diced pork. Boneless leg and minced pork also increased by a small amount, while fillet of pork and loin chops and steaks recorded a 1% month-on-month decline.

However, the annual comparison showed that prices were generally higher across most cuts, with the exception of pork fillet (down 1%). The largest annual price rise came from diced pork (up 9%), followed by boneless leg (up 6%). On average, prices in August 2013 had increased by 4% compared with a year earlier.

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