Pigmeat market improves

 

Avonmore Waterford finance director Mr Geoff Meagher has said the glut in the European pigmeat market has reduced and a more balanced market is likely over the coming quarters. A major oversupply in pigmeat was the main factor behind a fall in Avonmore Waterford Group's meat operating profits from £5.5 million to £550,000 in the first half of the year.