Trade a key issue for post-Brexit pork sector
The UK’s decision to leave the European Union will have far-reaching effects on the pork sector.
The most immediate impact has come from the weakening of the pound, which has helped to push pig prices (and input prices) higher. In the longer-term, decisions about agricultural and environmental policy and movement of labour will also be influential.
However, perhaps the most important factor will be the UK’s future trading relationships with the EU. Pig meat imports from outside the EU, apart from offal, are subject to sizeable import tariffs, ranging from 39p to 131p, depending on cut or product. The high level of these tariffs effectively means that most imported pork is uncompetitive on the EU market.
In the event that the UK leaves the EU without a trade deal, its exports will be subject to the same EU import tariffs as other countries with no trade agreement, at least until a deal is agreed. To read about some of the potential implications for the pork sector, click here.