In December AHDB released its forecasts for cattle and sheep production. Since then the market has changed dramatically with much of Europe now in ‘lockdown’ due to coronavirus. Sheep prices have come under pressure with a lack of demand both domestically and in Europe, and the cattle industry is struggling with carcase balance.
Coronavirus has not been positive for hide prices. The hide market had already been under pressure for some months, but further concerns about demand and the supply chain’s ability to keep running have pushed prices lower.
A new report published by the Committee on Climate Change (CCC) suggested the increasing use of low-carbon farming practices, improving animal health, precision farming, planting more trees, restoring peatland, increasing the planted area of bioenergy crops and reducing food waste would help to achieve reductions in emissions.
No-one can have escaped the headlines about consumer behaviour and views on meat and plant-based foods. The European Commission has investigated the impact that switching between animal protein and plant protein might have on the prices and production of each.
Much attention has been paid to UK exports so far this year, which have been increasing in volume, but at lower prices. But, what has been happening on the import side, and perhaps more importantly why?