Ireland's beef exports fell in the first quarter

Published 2021년 6월 4일

Tridge summary

Ireland experienced a 6.1% decrease in cattle slaughtering in the last month of the first quarter compared to the previous year, resulting in a 13.6% decrease in the total number of head slaughtered in the first quarter. This decrease in cattle slaughtering also led to a 22% reduction in Irish beef exports in the first quarter compared to the same period last year, with significant drops seen in exports to the UK, France, the Netherlands, and Sweden. High global transportation costs and a strong New Zealand dollar are expected to be mitigated by higher prices. The global beef market is predicted to be short of beef, with intense competition among importers due to potential restrictions on beef exports by Australia and Argentina.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the last month of the first quarter, the slaughter of cattle in Ireland decreased by 6.1% compared to March 2020. The same trend was observed in the first two months of the year, while the slaughter for the first quarter was only 434,100 head (-13.6%) . Thus, beef exports from Ireland also fell in the first quarter. Declining slaughter and beef exports were expected, according to ADHD analysts, as increases in slaughter last fall limited the supply of cattle currently available. Charlie Reeve, AHDB analyst said. Irish beef exports in the first quarter were 105,400 tonnes, 22% less than in the same period last year. Exports to the United Kingdom fell by 38%, and to a lesser extent to France, the Netherlands and Sweden. The American mink dug will cost Denmark millions Rachel Agnew, senior agricultural analyst at Beef & Lamb New Zealand, said higher prices could act as a buffer for beef exports in the face of higher global transportation costs and a strong New Zealand dollar. It ...

Source: SwiatRolnika