Cheap German product contributes to rise in UK pork imports volumes
UK pork import volumes towards the end of last year, due partly to the availability of cheap German product, while COVID-19 issues hit export volumes.
UK pig meat exports, including offal, fell by 15% (5,700 tonnes) on the previous month in November 2020 and were down 8% (2,600 tonnes) on the same month last year. In contrast, UK pig meat imports increased by 9% (6,400 tonnes) during the month and were 2% (1,500 tonnes) up on the same month last year.
The value of pig meat (inc offal) imports increased by 7% to total £208 million during November. This was slightly behind the increases seen in volumes, which indicates a reduction in price. This is unsurprising given that German pork is particularly price competitive, due to an oversupplied market, and low domestic pig prices in Germany following its ASF outbreak, AHDB analyst Charlie Reeve said.
The value of total UK exports went down 15% to £54 million in November compared to a year ago. The is likely to be because of less product availability, due to Covid-19 related difficulties at some processing facilities, Mr Reeve said.
The value of exports to the UK’s largest export destination China dropped back slightly on the previous month in line a decrease in volume, although prices paid in the region remain fairly strong.
by Alistair Driver / Pig World
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