IFA Pigs Committee Chairman Tim Cullinan has said that last week’s increase of 4c for the price of pigs must be followed up with further increases until farmers are brought back to profitability.
“While the increase is welcome, it is well short of what is needed. Processors have to act with greater urgency to restore a viable price to producers, who are still under financial pressure,” he commented.
Mr Cullinan said rising feed costs and credit restrictions continue to threaten pig production in this country and a significant price increase for the primary producer is needed to stem the losses on farms and to safeguard the sector.
The Pigs Committee Chairman commented, “Processors must deliver further increases in price to secure the future of Irish pig meat production and the jobs in the sector.
“Bord Bia is running a major campaign at the moment and retailers are sourcing more and more Quality Assured products. It is the responsibility of the primary and secondary processors to ensure that a margin to cover the cost of production is secured for this Quality Assured product,” Mr Cullinan concluded.