Pig processors are 'over-reacting' to coronavirus by cutting prices

Processors were accused by the Irish Farmers Association yesterday of over-reacting to the coronavirus by cutting pig prices.
Pig processors are 'over-reacting' to coronavirus by cutting prices

Calling on all pig factories to reverse the price cuts, he said Irish farmers were left trailing the European pig price in March and April last year.
Calling on all pig factories to reverse the price cuts, he said Irish farmers were left trailing the European pig price in March and April last year.

Processors were accused by the Irish Farmers Association yesterday of over-reacting to the coronavirus by cutting pig prices.

Pigs Committee chairman Tom Hogan said the processing industry is undermining producers who have endured severe price volatility over the past numbers of years.

“For pig factories to pull the price when the rest of Europe is heading in the opposite direction on price, above €2/kg, sends the completely wrong message to all stakeholders. There is no justification at this stage to drop price.

“What is particularly frustrating is that processors have recently agreed an increase with retailers. To impose cuts on pig producers at the same time is a kick in the teeth,” he said.

Calling on all pig factories to reverse the price cuts, he said Irish farmers were left trailing the European pig price in March and April last year.

The IFA had to organise crisis meetings and tackle individual pig factories in order to get the pig price moving upwards.

While recognising the processors held pig prices stable since mid-December until last week, Mr Hogan said now it not the time to over-react to the ongoing coronavirus and trade disruptions to China.

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