UK's pork exports plunge in April
Duncan Wyatt, lead analyst at AHDB, says that the 4% rise in the average value of the shipments to £1.35/kg ($1.80/kg) has helped compensate the loss in volume. UK's pork exports fell thus in value by only 6% to £23.0 million ($30.6 million).
Wyatt says that there were increases in shipments towards higher value destinations.
Shipments to Ireland, where prices averaged £2.40/kg ($3.19/kg), went up by 16% and 90% from them fresh/chilled products with higher price tags.
Pork exports to the EU rose by 2% or 200 tonnes in April compared to year-earlier levels. Wyatt says that exports were further boosted by Germany with 600 tonnes. On the other hand, shipments to Denmark and the Netherlands dropped by 800 tonnes and 100 tonnes, respectively.
Meanwhile, in the week ended 25 March, "UK pig prices were just over €19/100kg higher than the EU average, and this grew to over €22/100kg by the end of April. In May the premium grew again, to over €26/100kg, which may further hamper that month’s trade figures."
Exports to China fell by 31% compared to April 2017, to 3,000 tonnes. Exports to Hong Kong fell also by 31% to 800 tonnes in the mentioned period.
UK's pork trade grew to the US (+20 tonnes), Japan (+65 tonnes) and to the Philippines (+200 tonnes).
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