Stockpiling concerns for a hard Brexit
Retailers have said they are considering ‘a wide range of mitigating factors including stockpiling where possible; different routes across the Channel; signposting support for EU workforce; and currency hedging’, a survey confirms. Squire Patton Boggs and Retail Economics conducted a survey that shows the majority (52%) of retailers said they had done ‘some preparation’ and just 15% indicated that they ‘feel very prepared’ for a hard...
Welsh meat industry voices Brexit fears
NFU Cymru, the British Meat Processors Association (BMPA) and Hybu Cig Cymru (HCC) have all voiced shared concerns over Brexit’s potential impact on the red meat sector in Wales. In a joint letter to Welsh Assembly Members, NFU Cymru and BMPA have outlined the importance of the Welsh food sector to its economy, and state that Brexit ‘is the single biggest challenge facing the red meat sector within Wales’. As part of the letter to...
International Meat Trade Association welcomes Draft Brexit Agreement
The International Meat Trade Association (IMTA) has welcomed the Draft Brexit Agreement reached by UK and EU negotiators but says that much uncertainty remains. The organisation has released the following statement: “IMTA welcomes the news that the UK and EU negotiators have reached a technical agreement on the Draft Withdrawal Agreement and that the UK Cabinet has endorsed the plan. “However, until the agreement has gone through the...
Meat industry attends HCC Wales conference
Some 120 meat processors and farmers attended the annual Hybu Cig Cymru – Meat Promotion Wales (HCC) conference at Buith Wells on 8th November, reports industry expert Jean-Pierre Garnier. In a presentation, Dr. Prysor Williams of Bangor University, highlighted the most recent research and facts regarding the sustainability of Welsh production of lamb and beef. Williams dismissed the idea of contracting Welsh meat production to...
Brexit Withdrawal Agreement: what it means for meat
The meat industry has been quick to respond to the Brexit Withdrawal Agreement, which was confirmed by the United Kingdom and European Union negotiating teams in principle this week. The full 585 page report on the Withdrawal Agreement can be found here and that of the Political Declaration here. Meat industry figures are encouraged by the progress but say there are some unanswered questions in a number of areas, including the status...
Meat price stability ‘threatened’ for 2019
A ‘melting pot’ of risks are threatening global meat price stability, according to Rabobank’s annual outlook report Growth Slows Down…As Doubt Gears Up. Rabobank’s report reveals that while meat markets will continue growing in 2019, the risks of an El Niño (a warm phase of the El Niño Southern Oscillation) weather system are bringing great uncertainty to the outlook for 2019. In addition, the trade war between the US and China has...
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