Farmers told to meet Brexit challenge

Sterling slide will hit agricultural sector, warns economist

The regional farm minister Carmen Ortiz overseeing the packaging of tomatoes in Almería

By Richard Torné

Spanish farmers will have to slash the price of their exports to the UK if they wish to remain competitive in the wake of Brexit, an Almería-based economist has said.

David Uclés, from the savings bank Cajamar’s food and agriculture think tank, said Almería’s farm exports to the UK will be adversely hit by Brexit due to the pound’s sharp fall – down by about 10 per cent since June’s referendum.

Sr Uclés analysed the possible effect of Brexit on the agricultural sector in Cajamar’s blog.

He said sterling’s slide had made imports more expensive. “If Spain wants to continue selling in the same quantities it will have to do so by dropping the unitary price,” he cautioned.

Tomatoes would most likely be the worst affected crop, followed by fruit and wine exports, he said.

Read more in this week’s print edition or go to e-paper


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.