Wales announces £1.5 million boost for red meat exportStaff Writer | October 10, 2017
With the impending departure of the UK from the European Union and the uncertainty over the terms of access to key markets post-2019, the Welsh red meat industry faces significant challenges.
Meat trade The Cabinet Secretary:
The Cabinet Secretary for Environment and Rural Affairs Lesley Griffiths, who flew out to Cologne to attend the trade exhibition to support our delegation of Welsh food and drink producers, said the funding for HCC is a direct response to these "significant” challenges.
"It has never been more important to raise Wales’ international profile and promote our quality food and drink to the world.
"HCC indicate that only 5% of lamb produced in Wales is consumed in Wales, with up to 40% being exported outside the UK. It is estimated that over 90% of these exports are traded within the European Union single market, and worth over €200m per year.
"The Welsh red meat industry is heavily reliant on global export markets to achieve premium prices. Strong overseas demand uplifts farm gate prices and helps to balance supply and demand thus securing greater returns for the supply chain. This demonstrates the significance of export markets for the Welsh red meat industry.
"This £1.5m funding is a direct response to the significant challenge the industry faces with the uncertainty of future trading arrangements post-Brexit.
"We clearly need to continue to strengthen and future-proof our industry and it is vital that HCC continue to support the industry to maintain key markets in Europe, as well as look further afield." ■