Pig Trade & Prices
The average price paid for grade E pig prices in Ireland for the week ending January 16th saw no change, remaining at €1.55/kg (excl. VAT). This is still decrease of 35c/kg on the grade E Irish pig price 12 months ago. Irish pig prices sit 27c/kg above the EU Grade E price, which has remained at €1.28/kg. EU average prices have remained unchanged since late December 2020. Since June, pigmeat exports to China from Germany have been suspended as a result of ASF being detected in wild boar in the country. ASF has not been detected in any German pig farms to date.
A total of 71,377 pigs were sent for processing in Irish export plants during the week ending January 16th. This was a decrease of 514 head compared to the previous week. Throughput so far in 2021 has increased by 18,314 head compared to the first 2 weeks of 2020. Export demand for Irish pigmeat remained strong throughout 2020, despite the Covid-19 pandemic. Demand is expected to continue into 2021 as Asia looks to fill its current protein deficit.
See our weekly updated market trends.