| The Chairman of the IFA National Pigs Committee Tim Cullinan has said price increases passed back to the processors must be returned to pig producers, who have incurred significant losses. Mr Cullinan said, “IFA have met with all the major multiples to highlight the crisis and it has been accepted by the retailers that pig production is under massive pressure to survive in this country. We understand from trade sources that the much-needed increases have been passed back to the processing sector. These monies must be returned to the primary producer immediately to stem the flood of losses and to inject some stability back into the sector.” He said, “We had been informed at retail meetings that Irish pig prices will move on with the market. German prices now stand at €1.48/kg and the Danish bonus for this year will be almost 13c/kg. These prices are considerably ahead of the Irish price of €1.36. The market has moved on and moved on substantially and yet Irish farmers continue to lose up to €15 on every pig sold.” “To support this further, recent results from the retail analysts TNS have shown that year on year bacon volume sales have increased when other meat products were losing volume share. In the quarter up to the start of November, pork volume increased by 10% year-on-year and value increased by almost 5%,” he concluded. |
Friday, 17 December 2010 14:34