UK Beef And Pig Meat Sales Showing Resilience

by 5m Editor
20 October 2010, at 11:02am

UK - Despite worries over the British economic recovery losing momentum, retail sales of beef and pork in Britain continue to perform strongly.

According to the UK National Institute of Economic and Social Research (NIESR), GDP growth in the economy grew by 0.5 per cent for the latest 3 month period ending the 5 September. Both beef and pork sales outperformed GDP, expanding by 1.4 per cent and 3.1 per cent to £364 million and £186 million, respectively.

For the four week period ending the 5 September, Kantar figures show that beef and pork sales grew by 4.5 per cent and 6 per cent to £127 million and £63 million, respectively.

Pork sales have grown on the back of a surge in demand coupled with a fall in average prices. Demand for pork roasting joints almost doubled, with strong demand also evident for steaks and pork belly. The value of beef sales has been helped by a more than 3 per cent increase in price to £6.26/kg while volumes were more than 1 per cent higher. Most of the increase in beef sales was due to growth in sales of lower value cuts such as stewing and mince cuts.