But while beef prices are set to soften in the longer term, the report predicts, the price of pork is set to remain at high levels. Tesco to extend same-day online delivery service across UK Read moreThe price of pork has risen by a third over the last year, and is currently 20% higher than in 2015. Imported pork commodity prices are also rising because of ongoing demand from China in the face of domestic shortages caused by flooding. “The cost of British, Irish and imported beef has risen and continues to rise dramatically, with current prices at an all-time high,” said Paul Connelly, managing director of Beacon. Beef prices would recover over the next 18 months, he predicted.

Source: The Guardian July 24, 2017 15:33 UTC