Brexit could trigger UK food cost rises

Red tape and border checks could add £3 billion in costs for UK food importers and raise prices at supermarket checkouts, according to the UK Food and Drink Federation


ANNUAL UK FOOD TRADE (£billion, 2019 figures)
With exception of beverages, UK imports more food stuffs than it exports

0 2 4 6 8 10 12 
Fruit and veg	1.3
		11.5
Meat		2.1
		6.6
Beverages 	7.9
		6.0
Grain 		2.4
		4.2
Dairy and eggs 	2.0
		3.3
Fish 		2.0
		3.5
Sugar 		0.4
		1.2
Coffee, tea, cocoa 1.5
		3.8
Animal feed	1.1
		2.4

Total exports: £20.7bn

Total imports: £42.5bn


Cost of food imports could rise by around 8%

UK buys about half of its food from overseas, most of it from EU
         

£1 = €1.11 or $1.37 (as of Jan 4, 2021)


Source: Bloomberg  
Picture: Getty Images 
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