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Firstly I’m not sure their lamb has been cheaper because they had supply issues which is why trade has been reasonably good and indeed now the pound is collapsing that gives us the benefit they previously enjoyed, but the problem is when they dump oversupply.
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In answer to your question though the real problem for UK producers is when supermarkets import just sufficient supply to deliberately kill the price below the production cost.
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But the point still stands. Food processors could import products cheaper than U.K. grown, especially when you consider the multiple problems facing U.K. producers.
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I think you may be missing the point which is that once your domestic supply falls the cost of the imports starts to rise along with the cost of the remaining production, but there is a lag before that happens and it involves economic disruption to the producers.
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I understand that but remember where we started: that agriculture is 0.5% of the economy, yet the Govt is pushing this productivist agenda as if it was going to make any difference to GDP. It’s nonsense.
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To go back to the start, if you eliminate the UK commodities, eventually people would find it is cheaper to process the imported supplies elsewhere especially as they’ll need to deal with the rising cost, and then you lose the processing part of GDP too.
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I think that’s already happening with some products. Chicken and pork?
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I have to admit if there was one sector I would have expected to do really well out of Brexit it was pigs.
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Me and Ms Truss 😎
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Sep 26, 2022 · 7:59 PM UTC

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GIF