More on how the exchange rate affects the GB pig market
Read the second of two articles looking at how exchange rates influence the UK pig market.
In a previous article we began to examine the impact of the pound–euro exchange rate on the GB pig market. That article focused primarily on import prices, which have a close relationship with GB prices.
However, this is not the only way in which exchange rates affect the UK market. In a second article, we look at two other elements, exports and input costs. The analysis suggests that there is little relationship between exchange rates and exports. However, input prices are influenced by the pound-dollar exchange rate. The strengthening over the dollar over the last year may have added up to 10p/kg to pig production costs as a result.
To read the latest analysis in more detail, click here.