UK food and non-alcoholic drink exports dropped
The figures by the Food and Drink Federation (FDF) show that the value of exports to the EU shrank by 7.5% in the first half of the year. The rise of Pound Sterling against the sharply depreciated Euro has made UK exports less competitive in key Eurozone markets.
Exports to non-EU markets continued to grow (+1%) and value added goods were up globally, with significant increases of exports of tomato ketchup (+£3m) and bread, pastry & cakes (+£7m). Confectionery exports to Canada were also up £7m.
Dairy exports saw losses of £157m on record highs in the same period last year, however exports remain above pre-2014 levels and exported volumes are up for both processed and unprocessed milk and cream. Similarly, fish and seafood exports lost £137m in value, largely as a result of a sharp fall in salmon exports. ■