British sheep meat imports declined by 8% in September
UK's sheep meat imports declined fast during September evolving contrary to the trend registered up to that date, informs Agriculture and Horticulture Development Board (AHDB).
During the past few months, UK sheep meat imports have been recording strong year-on-year growth. However, during September this came to a sharp halt, recording an 8% (400 tonnes) decline to 4,300 tonnes, according to HMRC data. Imports from Ireland and Australia both recorded year-on-year declines, 40% (300 tonnes) and 66% (600 tonnes) respectively. In contrast, shipments from New Zealand recorded a rise of 14% (350 tonnes). One of the reasons shipments recorded sharp increases during the previous few months is that prices from Australia and New Zealand were more accessible at that time.
More recently, however, these prices have converged, and so there is no longer a financial incentive to ship lamb to the UK from New Zealand. "In the year to September UK imports total 62,000 tonnes, a decline of 1% (900 tonnes) on-the-year. The declines are recorded across all three of the largest partner countries, New Zealand (-2%), Australia (-8%) and Ireland (-25%). In contrast shipments from the Netherlands have doubled in size, albeit to the modest total of 2,800 tonnes", commented Rebecca Oborne, Analyst- Red Meat at AHDB.
Exports have suffered too as the production began to record year-on-year declines. "In total, during September, UK reported exports of fresh and frozen sheep meat stood at 7,600 tonnes, a 7% (500 tonnes) year-on-year decline. Shipments to France declined 21% (900 tonnes) although some of this decline was offset by increases in shipments to Germany (+200 tonnes) and the Netherlands (+300 tonnes). In the year-to September UK reported exports total 56,800 tonnes, 11% (6,800 tonnes) down year-on-year", added Rebecca Oborne.
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