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Latest on International Bakery: Food & drink exports continue to fall in 2024 Food and drink exports have continued to fall in Q3, with exports in the first nine months of 2024 down 10.2% to £16.3bn, driven by a significant drop in alcohol sales. While the value of food and non-alcoholic drink exports remained steady (up 1.2%), this masks a fall in volume of 16.3%, an impact of high food and drink inflation and trade barriers.  The EU remains the UK’s biggest trading partner for food and drink. While exports to Ireland and Germany rose slightly by 3.0% and 1.4% respectively, these were the exceptions. Overall, exports to the EU have fallen 5.3% in the first nine months of the year, with the persistent administrative burdens that continuing to create barriers to trade with Europe. Targeted export support and a concerted focus on removing unnecessary paperwork, particularly for small and medium sized businesses, would be invaluable in helping the sector to recover this lost trade.  Read more here: https://lnkd.in/dq7esZH5 #Food #Bakery The Food and Drink Federation Jonathan Pittock

Major manufacturers in Argentina oppose the government’s decision to facilitate food imports to try to lower inflation in basic products. #food #foodindustry #foodindustryinsight #foodnews #foodbusiness #foodbusinessnews #foodbusinessowner #foodmanufacturing #foodanddrink #foodandbeverage #foodandbeverages #foodanddrinks #foodanddrinkindustry #foodprices #foodproducts #foodproduction #foodinflation

https://lnkd.in/gNw68kXv Facts on US Food imports. Why Donald J Trump was blowing hot air on tariffs. Here is the USDA report regarding food imports by code. Is he going to raise food prices by 20%+? Not an effing chance - Dems rolled over like they didn't want Kamala to be President. Not One commercial talking about the impact of Tariffs on Food Prices Hey DEMs way to Rollover and play dead. Powerful Dems WANTED Trump. Total Food Imports 189 Billion × .20 =37.8 Billion in tariff increases. then add on costs. 20% on food would have been 100 Billion in increased food cost. NOT 1 ADVERTISEMENT about impacts of Trump Tariffs on Trade Do the Dems have the guts to hold his feet to the fire. Not a chance.

America is often considered the epitome of a free market. 🇺🇸🛃🍽️ However, in recent years, the United States has increasingly protected itself with tariffs on imports. The table shows tariffs on the import of some food items. For example, cheese has a tariff of 10% of the value, while asparagus has a tariff of 21.3%. The table does not include special tariff-rate quotas, which impose additional duties on products such as sugar, milk, butter, cheese, baby food, ice cream, peanuts and peanut butter, canned tuna, chocolate, and many others when import volumes exceed a certain threshold over a specific period. These quotas can further raise prices. #America #tariffs #import #food #economy

UK food and drink #exports tumbled by 10% in the first nine months of the year This was driven by a sharp drop in #alcohol sales, according to new data from the The Food and Drink Federation

Small imports of products such as fish, sausage, cheese and yoghurt will be subject to new fees from the 30th of April, according to DEFRA. It will be charged per type of good imported (the commodity line) - and capped at £145 for mixed consignments. Individual products will face charges of up to £29. https://lnkd.in/e4Kny8Zt #brexit #food #foodandbeverage #foodbusiness #agriculturalgoods #import #customs #customsclearance

There are growing concerns over potential price hikes and possible supply shortages due to the UK government’s decision to levy post-Brexit charges on imports of key EU food and plant products later this month. Fish, salami, sausage, cheese and yogurt will incur import fees of up to £145 (US$183), leading to claims this is burdensome for #foodbusinesses and will negatively affect trade. We explore the issue. Mike Parr, Perishable Movements Limiteed #supplychain #foodindustry #foodprice Reported by Sichong W. Read the full article here 👉 https://lnkd.in/eKbMGFmi

Navigating the Choppy Waters of Post-Brexit Import Charges 🇬🇧💸 The UK’s latest post-Brexit manoeuvre - introducing "common user charges" on key EU food imports - paints a concerning picture for the food industry and consumers alike. With charges set to significantly impact the cost of essentials like fish, cheese, and yogurt, one can't help but question the true cost of Brexit for the UK’s food sector. This decision, under the guise of streamlining imports and securing biosecurity, seems to disregard the direct impact on food prices and supply chain efficiencies. The fresh produce sector, already navigating a maze of post-Brexit challenges, faces yet another hurdle with potential price hikes and supply shortages looming. The imposition of these charges, especially through major ports like Dover, without considering goods bypassing government inspection posts, adds unnecessary strain on importers and, ultimately, consumers. It’s disheartening to see last-minute announcements leaving businesses scrambling, a reflection of a broader haphazard approach to crucial trade and import policies. As industry leaders, we must voice our concerns over policies that inadvertently escalate living costs and stifle market diversity. The path to a sustainable and accessible food market lies in transparent, well-considered policies that support both the industry and consumer needs. Was Brexit truly a visionary move, or have we been steered towards a more isolated and expensive future? As prices rise and choices dwindle, it's time for a serious reflection on the promises made and the reality we face. Let’s discuss the long-term impacts of these changes and explore collaborative approaches to mitigate the fallout. Your insights are invaluable as we navigate these choppy waters together. #BrexitImpact #FoodIndustry #SupplyChainChallenges #UKFoodPrices

Did you see this article from BBC News highlighting the additional costs that may be payable on certain food imports with a new "common user charge". If not, have a read here: https://zurl.co/QMuw #foodanddrink #internationaltrade

UK food and beverage exports dropped 6.1% in the first half of 2024, totaling £11.2bn, according to the Food and Drink Federation (FDF). Exports to the EU fell by 4.3% in value and 23.6% in volume, while non-EU exports declined 8.5%. Despite the overall decrease, certain products saw growth, with salmon exports up 36.1% and soft drinks rising 8.2%. The FDF highlighted Malaysia as a key market for future opportunities, with tariffs on products like chocolate and soft drinks set to be reduced. For more info, see the link in the comments. #Trade #GlobalTrade #Customs #TradeUpdates #CustomsNews #UKTrade #SupplyChain #Logistics