Facebook Twitter Instagram
    • FREE Email Newsletters
    • About Us
    • Advertise
    • Contact Us
    • FREE Magazine Subscriptions
    Twitter LinkedIn
    Podcast
    Poultry News
    • Production
      • Broiler Production
      • Ducks
      • Egg Production
      • Game
      • Hatching
      • Housing
      • Turkeys
    • Processing
    • Business & Politics
      • Business
      • Economics
      • EU & Politics
      • Marketing
      • People
      • Training & Education
    • Welfare
      • Environment
      • Food Safety
      • Vet & Medication
      • Welfare
    • Feed
    • Genetics
    • New Products
    • Magazines
      1. July 2022
      2. June 2022
      3. May 2022
      4. April 2022
      5. February 2022
      6. January 2022
      Featured

      Protected: Poultry Business – August 2022

      By Michael BarkerJuly 26, 2022
      Recent

      Protected: Poultry Business – August 2022

      July 26, 2022

      Protected: Health Supplement 2022

      July 25, 2022

      Protected: Poultry Business – July 2022

      June 28, 2022
    • Jobs
      • Browse Jobs
      • Post a Job
      • Manage Jobs
    • Events
      • National Egg and Poultry Awards
      • Poultry Fair
    Poultry News
    Business

    Chicken and pork suffer most in retail price decline

    Colin LeyBy Colin LeySeptember 16, 20163 Mins Read
    Facebook Twitter LinkedIn Email
    Share
    Facebook Twitter LinkedIn Email

    Chicken and pork have taken the biggest retail price hit over the past year, according to an analysis of recent price movements by Quality Meat Scotland (QMS).

    Looking at the August report from the Office of National Statistics, alongside recent financial updates from major retailers, QMS economist, Stuart Ashworth, pointed out that while retail prices for beef, lamb and pork all rose between July and August, they still remain substantially lower than in 2015, with chicken also selling at a significantly reduced value.

    “Chicken and pork prices, in fact, fell by more than 5% (on the year), with beef and lamb showing a lower decline of around 2.5%,” he said, adding that such retail price movements should, perhaps, not come as too much of a surprise, given the information emerging from the UK’s major multiple retailers.

    The growth of Aldi and Lidl, based on a low-price business model, was well documented, he continued, while both Morrison’s and ASDA had also reported price reduction moves in order to remain competitive.

    “While cutting retail prices does not necessarily mean that the multiple retailers will pay less to their suppliers, it is difficult to see how they could pay more,” said Mr Ashworth (pictured above).

    “With farmgate prices for prime cattle, sheep and pigs all being currently higher than they were 12 months ago, however, the squeeze in supply chain margins beyond the farmgate quickly becomes apparent with an abattoir’s ability to pay year-on-year price increases to producers becoming compromised.”

    The weakening of sterling, meanwhile, is helping the industry, for the moment at least, by lifting the price of imported manufacturing meat, a factor which is reducing the flow of low priced imported raw material into the UK’s food processing market.

    On the export front, however, competition remains intense, despite the weakness of sterling making Scotch product more competitively priced than in the past.

    “Sheepmeat exports are still struggling to match the levels of 12 months ago, while beef exports are showing only marginal increases,” said Mr Ashworth. “In contrast, pigmeat exports have been much stronger in the first half of 2016.

    “Imports of sheepmeat and beef so far this year have been lower than last year, however, while pigmeat imports are up marginally. As a result, the net effect of trade and domestic production has left the home market slightly more tightly supplied than last year, in the past couple of months.

    “So, despite the supermarket price wars, processors, in order to meet their supply contracts, have faced competition in the market for slaughter livestock. This has supported higher prices for producers leading to lower margins among processors.”

    Share. Facebook Twitter LinkedIn Email
    Previous ArticleFAO unveils antimicrobial resistance plan ahead of UK debate
    Next Article Four billion meals-a-year business to switch to cage-free eggs
    Colin Ley

    Read Similar Stories

    Business

    2 Sisters reports annual loss as cost inflation bites

    July 21, 2022
    Business

    Traditional Norfolk Poultry reports 21% growth in sales

    July 18, 2022
    Business

    Noble Foods reports £30m loss after ‘challenging’ year

    July 13, 2022
    Most Read

    Mind the gap: getting vaccination right

    August 8, 2022

    Avian flu outbreaks continue throughout summer in unprecedented third seasonal wave

    August 8, 2022

    Almost a third of UK supply chain signed up to Better Chicken Commitment

    August 8, 2022
    © 2022 Lewis Business Media. All Rights Reserved.
    Lewis Business Media, Suite A, Arun House, Office Village, River Way, Uckfield, TN22 1SL

    Privacy Policy | Cookie Policy | Terms & Conditions

    • AA Farmer
    • Farm Contractor
    • Pig World
    • OvertheCounter

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “ACCEPT ALL”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsREJECT ALLAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    AWSALBCORS7 daysThis cookie is managed by Amazon Web Services and is used for load balancing.
    cookielawinfo-checkbox-necessary1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Necessary" category .
    PHPSESSIDsessionThis cookie is native to PHP applications. The cookie is used to store and identify a users' unique session ID for the purpose of managing user session on the website. The cookie is a session cookies and is deleted when all the browser windows are closed.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    CookieDurationDescription
    AWSALB7 daysAWSALB is a cookie generated by the Application load balancer in the Amazon Web Services. It works slightly different from AWSELB.
    explat_test_aa_weekly_lohp_2021_week_4517 days 8 hoursNo description
    ppwp_wp_session30 minutesNo description
    tk_ai14 daysGathers information for WordPress by themselves, first party analytics tool about how WP services are used. A collection of internal metrics for user activity, used to improve user experience.
    tk_qssessionGathers information for WordPress by themselves, first party analytics tool about how WP services are used. A collection of internal metrics for user activity, used to improve user experience.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    CookieDurationDescription
    OAGEOsessionOpenX sets this cookie to avoid the repeated display of the same ad.
    OAID1 yearThis cookie is set when an AdsWizz website visitor have opted out the collection of information by AdsWizz service or opted to disable the targeted ads by AdsWizz.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    CookieDurationDescription
    _ga2 yearsThe _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
    _gat_gtag_UA_31822138_71 minuteSet by Google to distinguish users.
    _gid1 dayInstalled by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
    tk_lr1 yearThe tk_lr is a referral cookie set by the JetPack plugin on sites using WooCommerce, which analyzes referrer behaviour for Jetpack.
    tk_or5 yearsThe tk_or is a referral cookie set by the JetPack plugin on sites using WooCommerce, which analyzes referrer behaviour for Jetpack.
    tk_r3d3 daysJetPack installs this cookie to collect internal metrics for user activity and in turn improve user experience.
    SAVE & ACCEPT
    Powered by CookieYes Logo