🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

British farmers face Brexit date shipment conundrum

Published 19/02/2019, 16:06
© Reuters. FILE PHOTO: A farmer wearing a flat cap attends sheep sales at the livestock market in Melton Mowbray

BIRMINGHAM, England (Reuters) - British farmers and food producers must decide whether to proceed with shipments next week because exports could face tariffs if Britain leaves the European Union without a deal, a farming leader said on Tuesday.

Britain is due to leave the EU on March 29 but Minette Batters, president of the National Farmers Union (NFU), said decisions needed to be taken by farmers as soon as next week.

"Next week, ships will set sail from Britain with cargo on board - including British food exports - which will arrive at their destinations after March 29," she told the NFU's annual conference.

"So farmers and food producers need to make decisions now whether to load British produce onto ships which will set sail from British ports on February 28 - next Thursday."

Farming sources said shipments of frozen meat, for example, to destinations in the Far East took around one month.

Some destinations in that region have trade deals with the EU which would not apply to Britain under a no-deal scenario, leaving shipments facing tariffs or other trade barriers.

Batters said that high tariffs in case of a no-deal Brexit for exports to the EU could also mean there was effectively no market for four and a half million lambs with many farmers reliant on trade with the EU.

Apart from the threat of tariffs hanging over the industry, sectors such as fruit and flowers did not know whether they would have access to seasonal migrant workers, she added.

"It is absolutely shocking that farmers - and wider British businesses - are in this position. I make no apology for saying that leaving the EU without a deal would be a catastrophe for British farming," she said.

© Reuters. FILE PHOTO: A farmer wearing a flat cap attends sheep sales at the livestock market in Melton Mowbray

"A no-deal Brexit could decimate those farms up and down Britain, from our Uplands to the Welsh mountains, to the rolling hills and the English lowlands," she said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.