European Beef Supplies to Remain Tight01 April 2013
EU - The results of the European working forecast group for beef held this month suggests that beef output will remain quite tight, with consumption expected to continue its downward trend during 2013, according to Peter Duggan from the Strategic Information Services, Bord Bia-Irish Food Board.
Beef output in the EU-15 region is expected to remain virtually unchanged during 2013 at around 6.9 million tonnes, with output still well below 2011 levels.
However, some contracting trends are evident in terms of beef output within this region. Currently France and Italy are amongst the top three beef producing countries in the EU-15, however output is expected to fall by two per cent and four per cent to 1.45 million tonnes and 938,000 tonnes, respectively.
Other notable declines in production are being forecast in Spain and Poland, with output expected to fall by over one per cemnt and eight per cent, respectively.
This decrease in output amongst the leading European beef producers is expected to be offset by an increase of nine per cent in Irish beef output combined with an increase of seven per cent for both the Netherlands and Belgium.
The impact of ongoing austerity measures across various member states is expected to result in EU-15 consumption falling by around one per cent to 7.1 million tonnes, with the strongest falls anticipated in Spain and Portugal.
While the European beef trade was helped enormously by the strengthening in demand for beef in Turkey, Russia and other Middle Eastern and North African countries since 2010.
It remains uncertain as to whether the same appetite will still be evident as previously shown from 2010 to 2012, as the EU became a net exporter of beef when offal and other by products are included.