Over-supply is a dead weight on prices

UK - Foot and mouth movement controls, the loss of two weeks of slaughtering, and restrictions on exports have created a glut of pigmeat on the market, as the chart above indicates.
calendar icon 2 November 2007
clock icon 2 minute read

Prices cannot move to help meet higher production costs until this overhang has been removed, say industry leaders.

Notwithstanding the need for carcase balance, it is a matter of considerable concern that imports continue to pour in. Some of these imports must be substituted with British pork if the industry is to see its way through the difficult months ahead.

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