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Business

Currency rate benefits show through for both UK poultry meat and eggs

Colin LeyBy Colin LeyOctober 18, 20161 Min Read
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Retail eggs sales at the end of September and early October remained strong in response to wholesalers continuing to find imported eggs expensive compared to UK eggs, a trend which is mainly “currency driven”, according to the latest poultry and egg business bulletin published by the NFU.

“Free range large are the most sought after eggs at the moment but all sizes and types are much improved,” it is stated in the bulletin, with processors also reported to be seeing better orders for domestic egg products versus expensive continental product imports, a factor which has “increased their appetite” for home-sourced output.

Seconds prices are also reported to have increased during October, with the expectation that prices “should lift again” in November.

Turning to wholesale poultry meat trends, the bulletin states that the shortage reported two weeks ago is continuing, again benefitting from the fact that currency exchange rate changes are still working in favour of UK producers.

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Colin Ley

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