Search Climate Insights Directory
1 result
Technical appendix for Climate extremes in the UK are driving up lamb prices for consumers
The document details a rolling-window ordinary least squares (OLS) regression model used to analyze the impact of climate extremes on UK lamb prices. It finds that both short-term drought (6-month window) and prolonged wet conditions (12-month window) drive prices up, while a 'pork falsification test' confirms this mechanism is specific to grass-fed lamb. Robustness checks, including CPI deflation and out-of-sample prediction, support the validity of the climate transmission signal. The analysis specifically isolates a 'drought premium' of 92p/kg farmgate for the 2025 drought and notes that the hay market's sensitivity to rainfall anomalies has strengthened over time.
AI-generated
This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Document type: Research paper