Pig market report: Ireland making little use of PSA

Latest figures on private storage aid (PSA) for pork show Ireland making little use of the scheme to take pork temporarily of the market.

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.


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