UK fresh and frozen pork imports increased by 3% in March compared to March 2014, to 30,600t.
“This is the second monthly rise in imports, suggesting the price difference between the UK and the rest of Europe was large enough to tempt some buyers,” said a report by Bpex.
“This has helped imports in the first quarter of 2015 to increase by 3% [to 87,800t].”
The weak euro and continuing high supplies of EU pork led to the average unit price being 10% lower during the quarter, compared with 2014, which meant the total value of UK imports fell by 7% year-on-year. In contrast, bacon imports fell by 8% in March, with sausage imports dropping by 7%.
See also: Supermarkets stick to British pork
Fresh and frozen pork exports fell by 12% in March, to 15,900t, as the strength of the pound made UK products less competitive on the global market.
“This meant export volumes from the UK in the first three months of the year were down 4% compared with the same period in 2014 [to 45,700t],” said the report.
An 11% drop in price eroded the value of exports in March to £15.5m, 22% down year-on-year.