Brazilian chicken sanction and the effect on UK chicken
June 11, 2018
With EU member states voting against poultry imports from Brazil in April 2018, UK chicken importers are expected to be on the losing side with an increase in prices.
In 2017, Brazil exported $6.4 Billion worth of poultry products globally, and has remained the largest non-EU poultry importer into the UK, which is expected to grow further in the coming years.
The UK currently produces less than 50% of its own poultry, and with a lack of supply from Brazil, it is expected that the short-term affect will result in shortages, and ultimately push up prices. However, long-term, this will enable the UK to look closer to home and explore the possibility of producing more in-house.
UK businesses who will feel the effect of the shortage driven price increases should reconsider how they source their poultry and ensure their procurement activity is operating at its strongest, and ultimately minimising risk of uncapped increased costs.