Price of locally produced pork is to rise from next Monday
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The Pig Breeders’ Cooperative Society has announced that the price of locally produced pork will rise as of the 6 August 2012, due to increases in the cost of animal feeds, which make up more than 80% of the cost of pork production.
“Price volatility in international markets for cereals and other feed ingredients, exacerbated by poor weather conditions in many of the world’s major cereal and soya-producing countries, has led the cost of feeds for pigs to increase by more than 20% in 2012.
“It is hoped that this increase of €0.20 per kilogram on the price of whole pig carcasses sold by the Cooperative will be sufficient to offset part of the additional cost of feeds.
“However, the need for further price increases cannot currently be ruled out, as indications are that cereal prices will continue to rise,” The Pig Breeders’ Cooperative Society concluded.