By Peter Crichton
PIG prices always seem to decline during Pig Fair week and this year was no exception. The “Pig Fair Effect” struck again over the past few days with the latest Adjusted UK Spec GB Price for the week ended 9 May down to 93.33p/kg.
But exporters report increased demand from the European Union and beyond for Farm Assured UK pigs. They say that foreign customers are becoming more interested in farm assured pigs due to a rise in food health and welfare scares abroad and the better reputation that the UK product has.
If this level of interest is converted into actual orders, it could herald a modest price recovery here in the UK. And the knock-on effect of any spot trade improvement could then push up prices in other sectors of the pig market.
- Click here for Trends and Prices
- Peter Crichton is a Suffolk-based pig farmer offering independent valuation and consultancy services to the UK pig industry