Producers’ share of retail prices holds steady in February

Data collected by BPEX shows that the share of the pork retail price received by producers in February 2014 was marginally lower than January, although in terms of pence per kg there was no change.This was a result of the percentage fall in the farmgate price being slightly more than the decline in the average retail price.

Pig Market Weekly reports that producers received 42% of the retail price in February, which was 1% higher than the figure for the same month in 2013. Bacon retail prices for the whole of January and February are not yet available but the provisional January figures suggest some increase in the producer share of the bacon price compared with December and also compared with January 2013.

The decline in the average retail price in February was the result of lower prices for most of the cuts. The largest reduction was recorded in boneless leg and fillet end leg, both down 4% on the month earlier. This was followed by a 3% fall in pork fillet and loin steaks, while the retail price of diced pork declined by 2%.

In contrast, the price of boneless shoulder and loin chops increased on January, while minced pork was unchanged. The year-on-year comparison showed that prices for most of the cuts also rose, with the largest being 6% for boneless shoulder and diced pork. Increases for the other cuts ranged from 3-5%, with the exception of pork fillet, down by 1%, and a marginal fall for boneless leg.

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