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Pork exports to soar after sterling drop

By Staff Reporter

Published 11/08/2016

Sterling has weakened since the vote to leave the EU
Sterling has weakened since the vote to leave the EU

Food giant Cranswick has said the plunge in the value of the pound will cement the rapid growth of its export business and could put more home-grown pork on British dinner plates.

Cranswick, which has been linked to taking over part of Dungannon firm Dunbia's pork operation, said sterling's weakness following the Brexit vote was making the cost of British pork more competitive internationally and cheaper for UK retailers than EU imports. Since the Brexit vote, UK pig meat has become 10p to 15p cheaper.

Chief executive Adam Couch said: "In the long term, there's certainly an opportunity. If the pound remains weak then the UK will look very competitive."

Belfast Telegraph

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