UK enters competition for the Filipino pork market
The British pork industry hopes to gain a larger share in the Filipino pork market as the country is reducing tariffs to cover a high deficit in pig meat in the domestic market. Last year, the British exporters shipped £2.2 million of pork to the Asian country, competing against Spain, the US, and Canada. A recent BMPA survey shows that the UK meat industry may face up to £120 million in extra Brexit costs so every new market proves its importance.
Bethan Wilkins, a senior analyst at AHDB, said the tariff reductions were “definitely a help” given the struggles in the British pork market. However, much will depend on “how we can capitalize on that given the market’s competitive nature and its price-sensitive nature”, according to The Grocer magazine. So far, pork processors in the UK have been impacted by a ban in the Chinese market caused by the Covid-19 outbreaks in the abattoirs. Nevertheless, the ban was applied in August last year and the industry is discontent with the results of negotiations.
Meanwhile, the size of the Philippines market could never fully compensate for the loss of Chinese exports, Wilkins suggested, though similar actions could also be taken by other countries affected by ASF such as Vietnam.
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