UK beef and lamb exports continue to soar on the back of the weak pound.
Fresh and frozen beef and veal exports were up 52% to £64m in the first quarter of 2009 on the same period last year, while mutton and lamb exports were up 27% to £80m, according to the latest Eblex UK market survey.
"Primarily the growth in the value of exports is down to the relative weakness of sterling against the euro, but it is worth stressing that this feeds right through to livestock prices," said Eblex chief executive Richard Lowe, adding that meat producers should cash in on market conditions in Europe to secure new listings.
"One only needs to look back at the hugely depressive effect on livestock prices of us being out of the European market through FMD restrictions in recent years to understand the positive impact of the export market for home livestock prices," Lowe said.
Fresh and frozen beef and veal exports were up 52% to £64m in the first quarter of 2009 on the same period last year, while mutton and lamb exports were up 27% to £80m, according to the latest Eblex UK market survey.
"Primarily the growth in the value of exports is down to the relative weakness of sterling against the euro, but it is worth stressing that this feeds right through to livestock prices," said Eblex chief executive Richard Lowe, adding that meat producers should cash in on market conditions in Europe to secure new listings.
"One only needs to look back at the hugely depressive effect on livestock prices of us being out of the European market through FMD restrictions in recent years to understand the positive impact of the export market for home livestock prices," Lowe said.
No comments yet