BCO BANBURY FLYER - Q4 2017 - 2018.01.03

COMMODITY PRICE COMPARISON BETWEEN DECEMBER 2016 AND DECEMBER 2017

PRODUCE

MEASUREMENT

DEC 2016

DEC 2017

DIFFERENCE

LAMB

P/KG/DW

392.1

402.6

10.6

BEEF

P/KG/DW

353.6

364.4

10.8

PORK

P/KG/DW

151.6

151.2

-0.4

MILK

P/L

23.2

30.3

7.1

WHEAT (FEED)

£/T

134.3

138.8

4.5

BARLEY (FEED)

£/T

114.2

121.3

7.1

OILSEED RAPE

£/T

355.7

315.0

-40.7

 Shows that the majority of sectors show an increase in price from December 2016 to 2017.

 Oilseed Rape price has seen a £40/tonne fall from 2016, due to strong yields in 2017 25%

higher than those achieved in the previous year.

 Beef and lamb prices have increased during the last year due to the continued weakness of the

Pound keeping British meat exports into Europe favourable. In addition to this, low levels of New

Zealand lamb imports into the UK has kept domestic demand high.

BEEF AND LAMB PRICE COMPARISON TO FLUCTUATIONS IN THE £/€ EXCHANGE RATE

340 350 360 370 380 390 400 410 420

1.145

1.135

1.125

1.115

1.105

1.095

1.085

£/€ EXCHANGE RATE

1.075

PENCE PER KG DEADWEIGHT

OCTOBER TO DECEMBER 2017 QUARTER

BEEF

LAMB

£/€

 During the October to December period lamb price has increased by roughly 20 pence per kg,

largely due to the seasonal increases in price leading up to the end of the year.

 Overall beef price remained relatively static between 360 and 370 pence per kg.

 The exchange rate has remained stable throughout the quarter, however greater changes in the

exchange rate could have large impacts on the domestic lamb and beef price.

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