date:Aug 26, 2014
ove year earlier levels.
The external environment will also have had an impact through pricing channels. With the pound strengthening by around 6.5 per cent against the euro year-on-year this has forced exporters to lower sterling prices considerably to hold down euro prices and expand export volumes.
In June, the average value per tonne of pork shipped to the EU was marginally higher in euro terms than 12 months before but returned 5 per cent less sterling, commented Mr Macdonald.
At the sam