Pig market report: Ireland making little use of PSA
PSA intake has been increasing at a rate of about 12,000 tonnes per week.
Just under 60% will be stored for 90 days, 7% for 120 days, and 23% will be taken off the market for 150 days.
The top countries using private storage aid are Spain (23%), Denmark (19%), Germany (16%), and Poland (15%). Ireland’s share has been about 1.2% so far.
Private storage aid was launched on March 9, after EU prices slumped 20% below the five-year average.
The last time it was activated for pigmeat was in 2011, when around 140,000 tonnes was put into storage, at a cost of about €64m to EU.
Meanwhile, IFA said top prices this week reached 149 cent/kg at Irish export plants (flat rate); 147c in Northern Ireland; and 147c at pork slaughter plants.
Sow prices stay at 90-100c/kg of deadweight.
Slaughterings in Irish export plants are running 7.6% ahead of the same period in 2014.
