Pig prices up nearly 40%

Despite this increase and significant state support to the sector in 2022, the average pig farm will have incurred losses approaching €422,000 in 2022.

The Irish pig sector enjoyed high profitability in 2019 and 2020, with a negative profitability in 2021 and 2022.

Pig prices increased by 38.8% over the 12 months to October this year, according to the new figures from the CSO. 

On a monthly basis, compared to September this year, pig prices increased by 0.3% in October.