BAFL 48.10 Increased By ▲ 1.60 (3.44%)
BIPL 21.65 Increased By ▲ 0.50 (2.36%)
BOP 5.65 Increased By ▲ 0.12 (2.17%)
CNERGY 5.10 Increased By ▲ 0.20 (4.08%)
DFML 19.52 Increased By ▲ 0.70 (3.72%)
DGKC 81.20 Increased By ▲ 1.20 (1.5%)
FABL 31.70 Increased By ▲ 0.85 (2.76%)
FCCL 20.65 Increased By ▲ 0.26 (1.28%)
FFL 9.80 Increased By ▲ 0.24 (2.51%)
GGL 13.99 Increased By ▲ 0.02 (0.14%)
HBL 122.10 Increased By ▲ 4.15 (3.52%)
HUBC 124.79 Increased By ▲ 0.99 (0.8%)
HUMNL 8.35 Increased By ▲ 0.40 (5.03%)
KEL 3.69 Increased By ▲ 0.18 (5.13%)
LOTCHEM 28.64 Increased By ▲ 0.09 (0.32%)
MLCF 42.49 Increased By ▲ 0.39 (0.93%)
OGDC 122.35 Increased By ▲ 1.34 (1.11%)
PAEL 19.45 Increased By ▲ 0.61 (3.24%)
PIBTL 5.85 Increased By ▲ 0.15 (2.63%)
PIOC 117.52 Increased By ▲ 3.81 (3.35%)
PPL 110.80 Increased By ▲ 2.45 (2.26%)
PRL 29.58 Increased By ▲ 1.76 (6.33%)
SILK 1.08 Increased By ▲ 0.01 (0.93%)
SNGP 70.60 Increased By ▲ 1.20 (1.73%)
SSGC 13.92 Increased By ▲ 0.67 (5.06%)
TELE 9.11 Increased By ▲ 0.32 (3.64%)
TPLP 14.45 Increased By ▲ 0.80 (5.86%)
TRG 95.06 Increased By ▲ 3.12 (3.39%)
UNITY 27.78 Increased By ▲ 1.12 (4.2%)
WTL 1.62 Increased By ▲ 0.05 (3.18%)
BR100 6,646 Increased By 102 (1.56%)
BR30 23,736 Increased By 526 (2.27%)
KSE100 64,632 Increased By 714 (1.12%)
KSE30 21,573 Increased By 220.9 (1.03%)
Business & Finance

UK food and drink exports to EU plunged 75.5pc in Jan: industry group

  • The lobby group said the worst hit trade route was to Ireland. In January 2020, Ireland was the UK's biggest market, representing around 18% of total food and drink exported. A year on the figure had dropped to only 5%.
Published March 22, 2021

LONDON: Exports of food and drink from the United Kingdom to the European Union plunged by 75.5% in January, the Food and Drink Federation said on Monday, attributing much of the fall to post-Brexit barriers.

The lobby group said the worst hit trade route was to Ireland. In January 2020, Ireland was the UK's biggest market, representing around 18% of total food and drink exported. A year on the figure had dropped to only 5%.

While pre-Brexit stockpiling and weak demand due to closed hospitality during the pandemic will have been a factor, the Federation said "much of" the fall was likely to be due to new non-tariff barriers that have hit smaller producers particularly hard.

Comments

Comments are closed.