Rabobank: The EU May Export Less Pork to the UK after Brexit
The UK has a sizable pork production shortage. To address this shortage, the UK has increased production and imports around 1m tonnes carcass weight (cwt) annually from EU member states. With the EU’s estimated self-sufficiency rate of nearly 112%, approximately 2.6m tonnes cwt of pork needs to be exported outside the EU in 2018 to balance local supply and demand. After Brexit, EU self-sufficiency could grow to 120%. Consequently, in the future EU-27, pork processors will need to work harder to secure opportunities for exporting pork meat and by-products that are not consumed within the EU. In the short-term, increasing Chinese demand will probably compensate for any loss of access to the UK market.
UK production on an increasing trend since 2010
The UK has a large pork production shortage; only half of national demand is covered by...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.