New EU states see beef prices rise

Marts: Beef prices within the 10 new EU member States are rising following their accession to the EU on May 1 last which is in line with the expectations for the converging of prices.

Significant increases have already been achieved in average cattle prices throughout the new region with particular emphasis on the progress being made in Poland, Czech Republic and Hungary.

Analysis carried out by Bord Bia shows the average price for an R3 male animal in Poland has increased by almost 49% since the beginning of this year, with 30% of that having been gained over the first six weeks of EU membership.