Prices & Trends

The standard pig price (SPP) has continued to rise with prices up 0.78p/kg in the week ending May 28 to a record 176.73p/kg, but it remains a long way short of soaring costs of production

It follows an appeal by the National Pig Association (NPA) for the retailer to do more to support the pig industry

New crop wheat prices have hit new contract highs as further global uncertainty strikes with India announcing a wheat export ban

Businesses with borrowings will feel increased pressure at a time of already soaring costs after the Bank of England announced a rise in interest rates.

Tight carryover stocks mean there is a bullish outlook for global and domestic markets as traders look ahead to the new crop

The retailer has announced a support package for farmers following a call for supermarkets to step up

The dairy has announced a 1.25ppl increase from June 1

The processor said it was aiming to give a 45ppl price in July

The cooperative has announced a 2ppl increase from June 1

Dairy farmers supplying Mller who meet the conditions for Mller Advantage1 will receive a milk price of 41.5ppl from 1 June 2022, a 1.5ppl increase.