Hogget prices make strong gains

Marts: Hogget prices have taken a leap forward at the factories with further gains achieved yesterday bringing the week-on-week increase to 14 cents/kg (5p/lb).

Scarce supplies in Ireland and Britain, together with improved demand in France, has led to an increase in demand for stronger intake at the factories to take advantage of the improved trading conditions on the continent.

Base prices at the factories, which opened 9 cents/kg higher on Monday, saw further gains of 5 cents/kg yesterday as prices lifted to a base line of 358 cents/kg (128p/lb), their highest for the year to date.