Britain remains key beef market

Ireland: Britain will remain the key market for Irish beef this year as a result of an anticipated increase of 16% in its import requirement.
Britain remains key beef market

That’s the prediction of Bord Bia which has just published its annual meat and livestock review and outlook.

Beef exports to continental EU markets look set to continue the recovery evident in 2002, with volumes for the year expected to reach 126,000 tonnes. Russia will remain the principal international market.

Meat and livestock accounted for 27% of total Irish exports in 2002. They were valued at 1.19 billion, an increase of 31.4% on corresponding 2001 levels.

Looking ahead, Bord Bia says the return to a more balanced EU beef market is expected to continue as consumption returns to pre-BSE levels. However, the market is likely to remain competitive in 2003 with an anticipated increase in volume imported from South America, combined with the further release of intervention beef.

Irish sheep meat on the French market is expected to face increasing competition from New Zealand chilled lamb and increased export supplies from Britain. However, the recovery in domestic consumption, evident in 2002, is expected to continue, leading to more cutting of Irish lamb by processors in order to supply retailer requirements.

Total Irish pig meat exports are forecast to be down in line with lower production levels, but international exports are expected to increase as improved access to markets boosts trade. Exports to continental EU markets are likely to remain challenging.

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