EU: Beef production is declining, exports are growing

EU beef production shows negative effects of the reduction of the production base, as we read in the analysis of Bank Pekao S.A. Production volume remains lower y/y. Poland is also among the countries with negative dynamics, as analysts point out. Beef production in the EU is falling In the analysis prepared by specialists from Bank Pekao S.A. it was noted that the decline in the EU supply of livestock for slaughter is reflected in the volume of beef production. In the beef segment, as in the case of pork, local animal production is crucial for the supply of raw material to slaughterhouses. Analysts emphasized that from January to July this year. total production in 27 EU countries amounted to 3.6 million tons and was lower by 6%. y/y. In the indicated period, only in January there was an increase. “The situation among the largest EU producers is diverse. In 3 countries (the Netherlands, Germany, Sweden) a slight increase of several percent in slaughter weight was recorded. In ...