A new agreement with Taiwan is expected to be worth £50m to British pig producers over the next five years, according to report from Defra.

The deal, which has been secured by the UK government working alongside the Agriculture and Horticulture Development Board and UK Export Certification Partnership, will allow exporters to tap in to the overseas demand for parts of the pig carcase that are not commonly used in the UK, such as offal, thereby generating further income for the whole carcase.

Exporters can take advantage of the market as soon as the administrative listing process is completed and export certification is made available. This new market will add to the current export demand which last year added £290m to the UK economy, reaching more than 80 export markets