Beef imports fall however stays up on 2022 ranges

Posted on Aug 21, 2023

Recent/frozen beef imports had been down 780 tonnes (t) from Could, sitting at 19,450t for June. Nevertheless, whole imports for June 2023 had been up 310t from June 2022.

Cattle grazing in a field. — Irish cattle costs had been higher than GB costs in June 2022.

AHDB’s newest evaluation of the UK beef commerce in June discovered that shipments of recent/frozen beef from Eire grew 750t as shipments from Germany fell 580t, when in comparison with the identical interval in 2022.

Complete exports for June had been at 8,400t, rising almost 500t from Could. Following June 2022, export volumes had been down 1,500t. Areas missing in commerce had been France (-600t), the Netherlands (-340t) and Eire (-150t). According to AHDB, this can be a results of weaker home demand in Europe and robust cattle costs, with shoppers scuffling with the price of dwelling.

Nevertheless, development was seen in exports from locations corresponding to Hong Kong (up 150t) when in comparison with ranges in Could.

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GB beef value decreases sluggish

GB prime cattle and cow costs decreased in August, slowing in direction of the week ending twelfth August. The GB all-prime common deadweight value decreased by 3p from the week earlier than, however elevated 21p from June 2022, leaving the present value at 453p/kg.

Home manufacturing ranges have fluctuated round ranges seen in 2022, and whereas the vast majority of imports and exports stay beneath June 2022 ranges, a rise in imports from Eire have raised them to sit down barely above June 2022 ranges.