Prices & Trends

Food trade between the UK and EU will be slashed by almost a quarter in both directions even if a free trade agreement (FTA) is reached before the end of this year, new research has found.

Wheat markets around the world remain strong, with an eye on conditions in southern Russia

The industry was looking to switch to 100% bioLPG by 2040 and Liquid UK chief executive George Webb believes LPG could be an alternative for farmers looking to reduce their carbon footprint

The cooperative said the current market outlook remained stable although there was uncertainty in the UK from the Covid-19 pandemic

Lower production has supported prices in 2020

Arable farmers have been urged to consider baling their thicker fields as straw prices rise on the back of lower yields this season.

It follows the granting of market access in March this year

Sterling continues its Brexit-inspired rollercoaster ride, with a further drop in value early this week, as talks between the UK and EU became increasingly fraught.

Dairy markets have continued to stabilise after the turmoil of the early part of the coronavirus crisis. New figures show dairy products were a lockdown favourite.

Beef and lamb prices have remained strong, resulting in some cautious optimism for producers, although in such a volatile market it would be foolish to rule out the prospect of clouds on the horizon.