Commentary on the March 2022 update of the Poultry Valuation Tables for Northern Ireland
Poultry valuation tables are reviewed and updated regularly to ensure that they are appropriate for the sector as a whole and that they reflect current costs for different types of birds and different production systems. Normally, these reviews are undertaken quarterly, with new tables being issued late in March, June, September and December each year. Due
to recent changes in production costs and the current threat of avian influenza cases, an interim review has been commissioned between the December 2021 and the March 2022 updates. The valuation tables that are now being issued are based on costs and other information gathered in early March 2022.
A number of different sources are used to gather data on current costs. These include published information as well as intelligence provided confidentially by a range of different industry stakeholders. Where possible for each cost item, information is gathered from a range of different sources, so that overall sector trends can be established.
The main change made in the current tables is an increase in the cost of conventional compound feed prices. These are generally reported to have increased by around 5% over the last couple of months. The organic sector appears not to have experienced these increases and little change has been reported in prices for day-old chicks and pullets. No changes have
been reported to the average prices for end-of-lay birds (pence per kg).
We will continue to monitor changes in input costs and the next quarterly update of these tables will be undertaken at the end of March 2022.