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Beef / Lamb & Pig Price Tracker
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<blockquote data-quote="PercyBlakeney" data-source="post: 6076150" data-attributes="member: 108384"><p>I assume we would be talking about UK lambs being exported to EU in no deal? As imports are pretty much the status quo in a no deal.</p><p></p><p>Without wanting to over generalise trade/tariffs too much as different products are subject to different tariffs.. but for instance say a 20kg lamb carcase going into France, based on a 2017 export price (2018 is a tad distorted due to the high price at the start of the year) it would look something like this:</p><p></p><p>Currently:</p><p>20kg lamb x €4.92/kg export price = €98.40 cost to importer.</p><p></p><p>In no deal:</p><p>20kg x volume tariff of €171.3/100kg = €34.30</p><p>€98.40 x ad valorem tariff of 12.8% = €12.60</p><p>New cost of lamb to importer = €145.30 (98.4 + 34.3 + 12.6)</p><p></p><p>So for the lamb to cost the same as it currently does, the export price would have to decrease by just over €2/kg... which would most likely go directly back to the farmgate price.</p><p></p><p>That is a rough calculation so wouldn't take it for gospel but should spell out the methodology of how a tariff is worked out! Hope that's clear enough but the top and bottom of it is that it just isn't straight forward at all. Before I came interested in it it took a while to get my head around it all to be honest.... I think I have, I'm happy for someone to tell me i'm wrong based on the above calculations though...</p></blockquote><p></p>
[QUOTE="PercyBlakeney, post: 6076150, member: 108384"] I assume we would be talking about UK lambs being exported to EU in no deal? As imports are pretty much the status quo in a no deal. Without wanting to over generalise trade/tariffs too much as different products are subject to different tariffs.. but for instance say a 20kg lamb carcase going into France, based on a 2017 export price (2018 is a tad distorted due to the high price at the start of the year) it would look something like this: Currently: 20kg lamb x €4.92/kg export price = €98.40 cost to importer. In no deal: 20kg x volume tariff of €171.3/100kg = €34.30 €98.40 x ad valorem tariff of 12.8% = €12.60 New cost of lamb to importer = €145.30 (98.4 + 34.3 + 12.6) So for the lamb to cost the same as it currently does, the export price would have to decrease by just over €2/kg... which would most likely go directly back to the farmgate price. That is a rough calculation so wouldn't take it for gospel but should spell out the methodology of how a tariff is worked out! Hope that's clear enough but the top and bottom of it is that it just isn't straight forward at all. Before I came interested in it it took a while to get my head around it all to be honest.... I think I have, I'm happy for someone to tell me i'm wrong based on the above calculations though... [/QUOTE]
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