Pork prices to increase as the cost of UK pigs rises by 27%

Shoppers can expect to see a further price hike on pork products such as sausages and bacon as the price of UK pigs has risen by 27%.

The figure from Cranswick which was revealed in the meat producers trading update, saw pig prices had increased by more than a quarter between April and June of this year in comparison to the same period in 2021.

According to the Agriculture and Horticulture Development Board (AHDB), as of the week ending 23 July, pig prices (the EU-Spec SPP) rose by 1.19p to 194.28p per kg.

One of the main causes is due to price rises in soya, wheat and corn, all of which are crops frequently used within a pig’s diet.

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In March, global wheat prices jumped by 20% due to Russia’s invasion of Ukraine, as both countries accounted for around 30% and 20% of global wheat and maize exports in the last three years.

Leading retailers including Tesco have provided funding to pig farmers to help with rising costs. In May, the Big 4 grocer announced an extra £10 million investment into the industry.

Additionally throughout this year Sainsbury’s unveiled a £2.8 million care package, Waitrose invested £16 million and the Co-op pledged £19 million worth of support.

This news comes as Waitrose has commended one of its pork farmers for going above and beyond to ensure its pigs remain cool in the UK’s rising temperatures.

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