Food and drink exports recover in February following dramatic slump
Food exports to the EU partially recovered in February after a dramatic fall in January following Brexit. HMRC figures show food and drink exports to the EU were down by 26% in February compared with the same month last year, falling from £980m in 2020 to £722m this year. While a significant fall, it remains an improvement on January’s trade. Fish and shellfish, one of the worst-hit sectors in January, was down by 25%, costing the industry more than £20m. It remains the worst hit agri-food sector across the first two months of the year, down 54%. Meat exports, meanwhile, fell 43% in Febr...