date:Jun 22, 2012
a weaker Sterling exchange rate fuelling the export trade, many felt increased pressure on margins, he added. Rising costs, including energy and distribution, were continuing to squeeze margins.
However, on the upside, the export trade was buoyant and presented some new opportunities to achieve improved carcase balance, while input costs began to ease towards the end of the year,he added.
The 2.1bn contribution excludes subsidy payments and further processing.
The rearing of beef cattle shee