Beef import fear eased by Mercosur talks setback
The prospect of increased imports into the EU of high-value beef from South America’s Mercosur countries is one of the few clouds on the horizon at the moment for cattle farmers. The EU stands to lose up to 3% of its farm income, with many beef farmers going out of business as cattle prices plunge.
The deepest losses would be felt by cattle farmers in Ireland, Britain and France, unable to compete with a 200,000-ton annual increase in beef imports.
