the team and welcome to our new brand for 2017 and beyond...

Transcription

1 UK Market Report Thank you for being a part of Welcome to your new PSL branding for 2017 and beyond... industry s r maximising ability the team and welcome to our new September 2016 brand for 2017 and beyond...

2 Meat & Poultry The Grouse season is now well underway with reports of good bags being shot with the condition of birds also being good. Fallow Deer is also now being shot & again we have reports of animals being in good condition with nice fat covering. Mallard are due to start appearing mid month with Pheasant season starting in October. Pork While both UK & EU producers are trying to increase production to take advantage of the recent surge in pork pricing, availability remains tight. This is helping to keep prices creeping upwards although the rate of price increase has slowed. Fresh Pork is now more stable while Bacon is still seeing more increases. Lamb Wholesale prices of UK Lamb carcasses are falling as is usual into September, but the falls are from a higher than usual price point. The reductions are less than seen at this time last year, so although month on month reductions have been seen, year on year prices are still higher than 2015 and this trend is expected to remain with us through the remainder of Cuts from the Saddle/ Best End continue to see the most pressure. This is a follow on impact from a supermarket promotion earlier in the summer. Currently, better value is to be seen from Legs & Shoulders. Poultry Poultry is stable this month in availability & price. With the GBP/ Euro rate having at least stabilised no major change to this stability is expected in the short term. With the majority of Turkey being imported for Christmas, 2016 prices will remain at the mercy of currency rates. So while there are no availability issues being forecast, prices are likely to remain higher than 2015 for Christmas this year unless the GBP recovers to pre-referendum levels. UK Market Report August

3 Thank you for being a part of the team and welcome to our new brand for 2017 and beyond... Meat & Poultry Beef UK Prime Beef wholesale carcass prices continue to strengthen with an increase of 14p per kg seen in August which has pushed prices back to where they were a year ago. Cow Beef wholesale price held steady through August even with supply still being plentiful. Slaughter numbers of Dairy Cows across the EU have been up 8% so far this year from It is yet to be seen whether or not the recovery of Dairy prices will slow or even halt this trend as these volumes have helped mitigate inflation in the beef market. Availability & pricing from South American countries has held steady through August while Australian Beef is experiencing great difficulties currently. A reduction of herd numbers over the last few years due to severe drought is now biting with Australian Beef exports now down 24% from This shortage is causing dramatic price increases across all specifications including grain fed & Wagyu. UK Market Report August

4 Seafood The exchange rate is still impacting imports so menu staples such as Salmon & Seabass aren t showing their normal good value at the moment. Consequently as we enter the final flourish of the UK summer, attention should be switching to more seasonal UK landed options such as the many native flat & white fish that are available in the coming months. Turbot, Plaice & Monkfish will be good value until late October. The UK has a superb variety of shellfish that will be at their best very soon: Native Oysters, Clams & Mussels to name a few. In Season Brill & Flat White Fish: Superb landing s off the south coast has this highly sought after British species showing excellent value for late summer specials boards. Many UK flat fish such as Plaice & Turbot are at their best at the moment and this is great time of the year to be showcasing them on your menus. Mackerel: The best value fish in our seas is at its very best in late summer. Southern ports are recording very good landing s across Cornwall & the south coast. This versatile species can be grilled, pickled or roasted to produce excellent returns for little cost. Farmed Salmon: The salmon market is finally starting to show signs of improvement. While late summer pricing in 2016 will not be on par with the excellent value of 2015, pricing will be more at least be more stable as we move into the autumn months. Colder sea temperatures will see the farm s harvesting more consistent fish so availability should be much improved. Sea Bass & Bream: High than normal sea temperatures in Turkey & Greece have impacted the condition of fish and applied pressure to the tail stocks of the spring/summer cycle. This coupled with the weak pound has Seabass & Bream not showing the normal excellent value. Fresh Fish - Shellfish Lobster: The Native Lobster season is now slowing down so landings are fetching a premium at the markets. Canadian imports will start to improve as we enter the autumn months and will start to show better value as we get into the new year. We are back into Oyster season in September and natives will continue to improve as the month progresses. UK Market Report August

5 Fruit & Vegetables Vegetables Broccoli - Most suppliers have now switched to UK crops. Prices have risen as availabilityhas become more limited due to poor growing conditions recently - dry warm weather is not good for growing broccoli. This will hopefully improve in the coming weeks. Cauliflower - Most suppliers are now using UK main crop Cauliflower, predominantly from Lancashire. Prices could potentially rise as the Lincolnshire crop has been spoiled due todiamondback Moth infestation. Suggest using a large size 6 cauliflower which gives a fantastic yield. Potatoes - The new season crop is now filtering through the supply base, overall the quality is good but the availability is lower than last year which will mean prices will be up on last year. With Bakers the skins are still improving and will continue to do so as the season progresses. Fruits Lemons - Ongoing issues, limited supply from the South Hemisphere which is making the overall market extremely challenging. Many suppliers are reducing their sizing specifications in order to secure supply, prices will remain high which has had a knock on effect to other citrus products as people seek cheaper alternatives. Apples - Pricing for Golden Delicious, Granny Smith, Braeburn & Royal Gala remains very high due to significant increases of Southern Hemisphere transport costs with some importers unable to cover the recent increases as a result of the currency movements. Prices should drop when the French New Season apples appear in the next week or two and UK apples are now appearing and are expected to be very good quality. Grapes - Quality is excellent & prices remain fairly stable but a touch high. Spanish new season will start to appear towards the end of September and this should start to bring pricing down. UK Market Report August

6 Fruit & Vegetables Salads Peppers - Due to low light levels in Holland, pepper prices have been very unpredictable. Although prices are on their way down, we do expect them to rise again in the next few weeks due to planned supermarket promotions. As a potential cheaper alternative have you considered either class 2 or wonky peppers as an alternative? Little Gem - UK crop young and leafy. Availability very tight overall. Demand has outstripped the supply from all sources Cucumbers - Availability in Holland continues to be tight with prices outside of contracted volumes remaining high until the Spanish production gains momentum. UK Market Report August

7 Dairy Milk Following the removing of all milk quotas in March 2014, milk production increased significantly causing a market glut. This caused prices to fall dramatically, the benefits of which PSL clients have been seen over the last year or so across all dairy commodities. With the farm gate price forced below breakeven levels, many farmers reduced production & herd sizes. Within the UK and Europe, this action has now taken effect and production has now seen a considerable decline causing availability to tighten & prices to bounce back. Milk spot prices have risen from 13-14ppl in Q1 to 29-31ppl. The spring flush (a time of good grass growth & increased milk production) has finished and ongoing milk availability is expected to remain low in the short term which will keep prices higher than they have been. Cheese The Cheese market follows on behind the fresh Dairy market. New milk entering cheese production has increased in price but producers are still selling cheese produced with cheaper milk. Bulk cheese pricing is expected to follow suit in the coming months as consumption moves through current stocks across Europe. Fresh & mild cheeses will naturally move first then followed by mature varieties. Cream The knock-on effect of lower milk production has seen wholesale cream pricing move by almost 20% MOM as there is now massive pressure on availability. Butter Butter prices have been affected by the shortages in milk which is used to provide the raw materials, pricing has jumped from 1800 per tonne to almost 3000 per tonne in a very short space of time. Producers are also exporting product to Europe based on the strength of the euro against the pound. UK Market Report August