CRU: How Food Stockpiling for Brexit could Cast Tinplate as a Winner

LONDON, Aug 15, 2018 /PRNewswire/ --

As has been discussed in the media of late, if the UK were to start stockpiling food ahead of Brexit, there could be a material upside to tinplate demand.

Recent media coverage in the UK has included speculation that its population might want to consider or is indeed already actively considering stockpiling food ahead of the Brexit date of 29 March 2019. This is because of the possibility of disruption to food supplies that could result from a change in customs procedures. UK government statistics show that the country imports a significant amount of food, especially fruit, vegetables and meat, and that 30% of all food consumed in the UK in 2016 was imported from the EU.

Setting aside for a moment the ridiculousness of a developed country in the 21st century potentially looking to behave in this way, there is a semi-serious steel-related angle to this. How does one stockpile food? 29 March is still many months away, so storage of fresh items is impossible. Frozen, dried or canned goods are the likely practical options. And cans are the obvious long shelf-life items that can be easily kept at the back of the cupboard for later use, perhaps later emergency use.

Read the full story: https://www.crugroup.com/knowledge-and-insights/insights/2018/how-food-stockpiling-for-brexit-could-cast-tinplate-as-a-winner/

Read more about CRU: http://bit.ly/About_CRU 

About CRU

CRU offers unrivalled business intelligence on the global metals, mining and fertilizer industries through market analysis, price assessments, consultancy and events.

Since our foundation by Robert Perlman in 1969, we have consistently invested in primary research and robust methodologies, and developed expert teams in key locations worldwide, including in hard-to-reach markets such as China.

CRU employs over 260 experts and has more than 10 offices around the world, in Europe, the Americas, China, Asia and Australia – our office in Beijing opened in 2004.

When facing critical business decisions, you can rely on our first-hand knowledge to give you a complete view of a commodity market. And you can engage with our experts directly, for the full picture and a personalised response.

CRU – big enough to deliver a high-quality service, small enough to care about all of our customers.

SOURCE CRU

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