Pig Market Update 17th July

There was an unannounced increase of 2c/kg paid on Irish pig prices on Friday and producers are reporting quotes of at least €2.38 - €2.40 available from processors in ROI, with some reporting up to €2.45/kg available signalling strong demand for ROI pigs.

The latest CSO data overview of exports and imports for the period January to May summarises as follows - Overall export level unchanged YOY.

UK (32%) and China (22%) are the two top export destinations for Irish pigmeat exporters. Offal comprises of 26% of the total Chinese exports. The largest year on year decreases in Irish exports are to Australia (-45%) and S Kora (-39%). For the same period last year 5,389 tonnes were exported to Australia and 1903 tonnes to South Korea. This is now back to 2958 to Australia and 1,152 to South Korea. Imports when compared with the same period last year are up 8% in volume with the UK and the Netherlands accounting for 56% of total imports. Imports from the Netherlands are up almost 1750 tonnes for the period.