Lacklustre demand for British pork continues
Processors blamed lacklustre retail demand for British pork for poor uptake of pigs last week, according to Thames Valley Cambac.
TVC described the 19% year-on-year increase in pork import volumes, as highlighted in the last issue of Pig World, as ‘disappointing’, but noted that this level of imports matches pre Covid levels, while the same reporting period shows exports have increased.
“Supplies continue to tighten as producers leave the industry, but slaughter weights are creeping back up, as processors keep number allocations tight,” TVC said in its latest market update.
Price contributions stood on, and the SPP improved 0.36p to 200.37p, but pig returns are still way below cost of production and, unfortunately, industry exits continue.
Prices in Europe eased again with the Netherlands down 7 eurocents – a realignment following Germany’s fall last week. The Euro ended the week down 0.92p at 87.38p.
There was little weaner demand outside regular contract commitments, as raw materials remain volatile and uncertainty in the finished market leaves fatteners with little confidence. There was insufficient data for the AHDB to formulate any prices.
Alistair Driver / Pig World
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