Revenue from red meat ‘co-products’ influencing farmgate prices
Red meat co-products such as offals, skins and hides can create revenue for the processing sector, but significant disruptions are on the horizon, according to Quality Meat Scotland.
These co-products include both edible and inedible offals, skins and hides and some products classified as “Specified Risk Materials” meaning their sale and disposal is strictly controlled.
Revenue earned from the sale of co-products can influence farmgate prices and one leading contributor is revenue from skins and hides.
According to Stuart Ashworth, Director of Economics Services with QMS, prices for skins and hides are currently particularly low both in the UK and globally due to changes in fashion and consumer spending, not the Coronavirus as might be expected.
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