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Average farm price of beef in Great Britain (UK) 2015-2018

In January 2018, the average farm price of beef in Great Britain fell to 359.1 pence per kilogram. This was a drop of over 13 pence per kilo from the highest price for beef recorded in September of 2017. Since the peak in September 2017, the price has been falling. The farm price of beef has generally fluctuated with no clear monthly trend for the past three years.

Retail Prices

In Retail, beef prices reached a new peak in January of 2018 with 710.9 pence per kilogram. This new peak in retail prices comes almost a year after prices fell to less than 680 pence in the last month of 2016. For the past three years prices had generally been fluctuating between 680 and 710 pence. The spread between farm and retail price amounted to 341.4 pence in December of 2017.

UK Beef Consumption

Beef consumption in the UK is down by over 20 grams per week compared to ten years ago. While at the same time weekly spending is up by around 14 pence. Furthermore, 24 percent of consumers are looking to eat less meat. With prices high and dwindling demand, a further decrease in consumption seems likely.

Average farm price of beef in Great Britain (UK) from June 2015 to January 2018

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Sources

Release date

February 2018

Region

United Kingdom (Great Britain)

Survey time period

January 2015 to January 2018

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