BREAKING: Karro pulls out of DAPP
The UK’s pig price monitoring system, the Dead Weight Average Pig Price (DAPP) has been dealt a further blow with the announcement by the Karro Food Group that they were withdrawing from the scheme.
The move by Karro just before the weekend follows on from Cranswick’s decision to pull out of the scheme earlier in the week and validates fears expressed by the National Pig Association that more processors might follow Cranswick’s lead.
Despite the news, Bpex, which organises the DAPP, said that while Karro’s decision would reduce the sample size further, the scheme would comition. In a statement, it said: "Bpex and AHDB Market Intelligence have analysed the remaining sample and are confident it remains representative so will therefore be continuing to publish the DAPP.
"Bpex will continue to review the new sample to ensure it remains representative and is actively looking at bolstering the sample size. Bpex would like to take this opportunity to thank Karro for their participation in the DAPP."
The companies remaining in the DAPP are:
Cheale Meats Ltd
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- National Pig Association
- market intelligence
- pig price
- remains representative
- sample size
- remaining sample
- sample size bpex
- ahdb market intelligence
- cranswick’s lead despite
- sample size further
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