UK

Pork prices continue to rise

Sales of fresh and frozen pork in the UK reported an annual decrease  by 5% in the 12 weeks ended 13 August, while the average retail prices for these products rose by 9% on the year, which led to an increase of 4% in total spend on primary pork products, according to the data provided by Kantar Worldpanel analyzed by Annie Linekar from AHDB.

Posted on Sep 13 ,18:05

Pork prices continue to rise

 

AHDB Trainee Analyst, Annie Linekar, explains that the rise in spending occured due to a relatively stable demand of pork products, consumers paying more for lower quantities of meat.

Roasting joints reported a decrease in volume sales on the year in the 12 weeks ended 13 August. The AHDB analyst says that this is due "to price inflation and a reduction in retailer promotional activity. In particular, the volume of shoulder roasting joints sold decreased by 15% year on year."

On the other hand, sliced cooked meat prices fell year on year by 0.4%, but there was a rise in volumes sold by 4%, this leading to a 3% total spend increase on the year in the mentioned period.

When reffering to bacon products, the AHDB analyst says that there was a rise in price by 1% and sales rose by almost 1%, "leading to total spend increasing by almost 2% year-on-year."

Furthermore, the average price for pork mince fell by 7% in the stated period, but there was an rise in the total sales volume of 26%, which led to an increase in total spend by 18% on the year. "This may be attributed to customers switching from higher priced beef mince, with the price difference between the two products increasing to £1.25/kg during the period."

Photo Source: Mconnors @morguefile

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