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/

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

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