United Kingdom: Red meat exports in Scotland rebound to 80.5 million pounds

QMS Market Intelligence Manager, Iain Macdonald, said that despite the additional cost and complexity involved in accessing the EU market following single market exit, export sales remain heavily dominated by trade with customers in EU countries: "The value of long-running relationships with importers built on trust in high quality products came to the fore during this complicated period. Indeed, around 93% of overall export revenues were generated in EU markets, climbing to around 99% for Scotch Lamb." Sales into non-EU markets also expanded, including Hong Kong, Japan and Canada, while Switzerland remained an outlet for high value cuts of beef and lamb. Mr Macdonald reiterated the value of export markets in balancing both carcase and revenue: "With thin operating margins in the processing sector of as little as 2%, export markets are a vital source of additional revenue over and above what can be achieved in the home market, helping to balance the carcase. In turn, this supports ...