UK pig supplies to remain tight in the first half of 2017
The UK pork market has entered a period of tighter supply, following the low prices recorded in 2015 and early 2016. According to latest forecasts from AHDB Pork, this situation is likely to continue into the first half of 2017, but production will start to grow again later in the year.
Although much uncertainty remains, not least because of the UK’s decision to leave the EU, this could mean that the market remains firm for some months to come.
Imports are forecast to be back in 2017, especially if the pound remains weak against the euro. Furthermore, tightening supply on the continent may limit the amount of pork available for import by the UK. The sharp increase seen from Danish imports since May 2016 has led to queries over this data, but it is reasonable to assume that trade will realign over time. A weak pound should also help to boost exports in 2017, although this may be pegged back by a tightening domestic supply. To read more, click here.
Vikki Campbell, Acting Data and Analysis Manager
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