Supply boost for pork prices
Published 16/01/2013 | 06:00
Irish pig producers could be in for a good year as tighter supplies drive pigmeat prices.
The US and Canada are both forecasting record pork prices for 2013 due to falling pig numbers, David Owens of Bord Bia told the Meat Market Prospects Seminar.
Mr Owens predicted that European production could be back by 2-3pc and that this should be reflected in higher prices.
He pointed out that the Irish sow herd had fallen by 7pc or 7,000hd during 2012, and now stood at 150,000hd.
Irish exports in 2012 grew by 5pc in volume terms to 180,000t, and by 16pc in value to €457m.