UK pig producers operate on negative margins despite price increase

Although UK retail pork prices rose by 3.1% in July, according to the RPI index, compared with a year ago prices paid to pig producers have not increased and most pig producers are still operating on a negative margin, according to the latest British Pig Executive’s quarterly category report.
In addition, pig prices are falling again and will continue to be in this position for the immediate future. “British households spent on average 65p more on fresh pork compared with the same 12-week period last year," said Consumer Insight Manager Richard Cullen. “At the same time, pork continues to be the best-performing [white] meat, though the increased volumes in the latest year have been driven by promotions.”