Pig prices plummet to an eight-year low

With pig prices at an eight year low, NFU Scotland is working with other organisations across the supply chain to combat that trend.

The price has been dropping steadily from a record high in November 2013, and at present for every pig being sold a farmer is losing £10.

The decline in price has been caused by a number of factors, including oversupply in Europe due to the Russian import ban.

Many British retailers have committed to stocking 100% fresh pork, and with the new processing plant in Brechin now in operation, it is hoped this decline will be halted.

The focus is now on marketing Specially Selected Pork, and NFU Scotland will be meeting with stakeholders in due course to discuss this further.

NFU Scotland’s Pigs Committee chairman Kevin Gilbert commented: “Pig prices have been declining for some time and are currently at their lowest level in around eight years. Looking simply at the past year prices are down 20-25p/kg dwt which represents a decrease of about 18 per cent. Production simply cannot be sustainable at these prices.

“Use of Private Storage Aid in Europe may have helped European prices improve slightly there is little evidence of it helping UK and Scottish pig prices yet. It is clear that a lot of cheaper European meat is being substituted for UK product, especially in processed meat products, retailers could really help UK producers at this time by showing greater loyalty to Scottish and UK product.”

“This should be a time of positivity for the Scottish pig industry. The abattoir at Brechin is set to double its processing capacity, allowing more Scottish pigs to be processed in Scotland, which will reduce haulage costs and allow wider stocking of Scottish labelled Specially Selected Pork in supermarkets.”