Pork prices to go up by 20% from December 1

Farmers stated efforts are ongoing to implement a pricing strategy for pork and associated products in order to assure fair and competitive pricing and improve the sustainability of the pig sector. To alleviate the financial load on farmers, pig growers argue this should be supplemented with other feasible forms of finance from partners.

If you enjoy pork, be prepared to pay extra for it beginning December 1st, as the Pig Farmers Association of Ghana has announced a 20% increase in the commodity’s farmgate price.

A kilo of live-weight pork, which presently costs 25 cedis, will now cost 30 cedis, while carcass pork will cost 35 cedis to 45 cedis per kilo.

President of the Pig Farmers Association, Kwame Appiah Danquah, made the statement during this year’s Porktober, an annual pork awareness event, and ascribed the hike to the high cost of production.

“Our new prices for the year starting December 1, 2023, are a minimum of GHS 30 per kilo for live weight and GHS 45 for carcass pork from the farm gate. I am stressing ‘farm gate,’ so if you go and buy it in Accra, don’t expect it at that price because there will be other additional costs due to transportation and other factors that would have to be catered for.”

Farmers stated efforts are ongoing to implement a pricing strategy for pork and associated products in order to assure fair and competitive pricing and improve the sustainability of the pig sector.

To alleviate the financial load on farmers, pig growers argue this should be supplemented with other feasible forms of finance from partners.

“The Association is actively seeking funding opportunities. This approach is aimed at striking a balance between farmers and consumers, taking into account market dynamics and production costs. The primary challenge facing pig farmers is financing. To address this issue, the association is actively exploring opportunities for input financing to facilitate access to capital to improve the pig farming industry in the country,” Kwame Appiah Danquah added.