Prices & Trends

In times of crisis and disruption, it turns out the British public does not turn towards falafel or hummus as comfort food, but rather red meat and pizza to get it through lockdown.

Strong export sales helped pig and poultry processor Cranswick increase sales by 16 per cent to 1.66 billion and profits by 14 per cent to 105 million in the year to the end of March.

One of Wales’ largest food companies has announced it is in consultation with employees about potential job cuts due a drop in hospitality trade, sparking alarm from industry leaders.

Beef and lamb prices continue to be above those last year against a background of higher retail sales, the prospect of increasing foodservice sales and pressure on slaughter numbers.

A spread to watch as we head into new crop will be the imported maize price compared with domestic feed wheat delivered to feed mills.

Arla farmers are set to see a 0.63ppl price cut in July after the co-operative warned it was still feeling the effects of a demand shortage caused by the coronavirus lockdown.

Australia has lowered its forecast for beef exports to China by 1.5 per cent for the 2020/21 season due to ongoing trade tensions between the two countries.

The dairy market has been amongst the most volatile since the beginning of the Covid-19 crisis.

The US’s largest beef processors have been ordered to provide information in relation to anti-competitive practices during the pandemic.

Non-Chinese Asian markets could provide major opportunities for British red meat exports, an online AHDB seminar heard.