Pig industry survey reveals optimistic outlook
The British Pig Executive (BPEX) have released the results of their sixth annual Confidence Survey, which tracks the general morale of the British pig industry. 630 producers, civil servants, processors, vets, retail/foodservice and allied industry figures were surveyed for their opinion on relative competitiveness as compared to EU businesses and the merits of capital investment in current conditions.
The survey revealed an increase in the percentage of those surveyed who believed that their business would improve in terms of competitiveness over 2012. However, the survey also found uncertainty over price volatility and profitability which had the effect of discouraging investment beyond that which was required by absolute necessity.
Commenting on the findings, BPEX Head of Communications Andrew Knowles said “The industry has been going through a difficult time, producers are continuing to tread water waiting for evidence from supply chain partners of stability and direction which will give them the confidence to invest for the future and grow their businesses. It is good to see the overall view is the competitive outlook is more optimistic which is probably tied in to the forthcoming EU partial ban on stalls which will go some way towards creating a more level playing field for the UK and its major European competitors. But the industry must not be distracted by changes in EU welfare legislation and continue to address the fundamental gap that exists in terms of physical performance between UK and EU average performance.”
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