5-10c/kg price increase -but there's room for more
Published 07/12/2011 | 06:00
The good fortune enjoyed by Giovanni Trapattoni throughout the qualification path to next year's European Championships was mirrored somewhat by the sheep trade over the past year in that, for various reasons along the way, prices remained strong.
Strong markets, scarce supplies at different times and tighter numbers from Britain all characterised the past 11 months on the French market.
Thankfully, in a week that saw the European draw land us in a group with three of the world's top 10 teams, sheep prices just continued to do their own thing and actually even improved a little.
And despite this increase, you could argue that there is still plenty of room for the processors to return more to the farmer when you look at the improvement in British prices.
Prices across the water rose by more than 30c/kg in the week straddling the end of November and the beginning of this month. This saw their price move from the equivalent of 512c/kg including VAT up to 546c/kg, according to Bord Bia.
The small improvement to the quotes referred to earlier reflects a 5c/kg and a 10c/kg rise from Kepak Hacketstown and Moyvalley respectively.
The latter plant has now moved onto an all-in quote of 500c/kg, while both Kepaks are today offering 485c/kg plus 5c/kg. Kildare Chilling is similar when its extra quality assurance bonus is added to its normal bonus on top of the base quote of 480c/kg.