US tariffs drive UK food export volumes down nearly 9% in first quarter

MacroCommodity
โดย Just Food·Read original
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UK food export volumes fell 8.9% in the first quarter of the year, the lowest level in a decade excluding the pandemic, according to the Food and Drink Federation. US tariffs introduced last April contributed to a nearly 46% drop in volumes to the US, with sales falling 28% to £529.6 million. Exports to the EU declined 6.9% in volume terms, while the overall value of food-and-drink exports dropped 4.8% to £5.7 billion. The FDF also noted that the cost of imported ingredients and raw materials remained 38.6% above pre-pandemic levels, and called on the government to suspend tariffs on ingredients to ease production costs.

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