Hard Brexit forecast to cut EU pigmeat value by €2.3 billion

A hard Brexit would reduce the value of EU pigmeat production by €2.3 billion according to a new report published by the European Livestock and Meat Trades Union (UECBV).

The same report also states that the threat to European meat producers, consumers and distributors posed by Brexit is potentially much greater than the impact felt across the EU by the 2014 Russian political embargo on EU agrifood exports.

The pigmeat price fall warning is based on the report’s findings that increased export costs, imposed by tariff barriers, customs and veterinary checks and increased transport charges, would reduce exports of pigmeat from the EU to the UK by up to 48%, alongside an 84% decline in EU-UK beef exports and a 76% fall in EU-UK sheepmeat exports.

For more on this story, see Pig World