EU beef production and exports forecast to rise in 2015

EU beef production and exports forecast to rise in 2015


EU beef production and exports forecast to rise in 2015

 

According to the latest report released by the United States Department of Agriculture (FAS-USDA), the EU beef production and export are forecast to increase through 2015. Beef shipments are also expected to rise, while, in contrast, domestic consumption is expected to plateau.

The dairy herd expansion is expected to take place mainly in northern Europe; the UK, Ireland, Germany, the Benelux, the Nordic Countries, Poland and France. In most other EU member states, the dairy herd is shrinking due to the phasing out of government support programs and increased competition on the EU domestic market. Beef production (EU-28) is estimated to total 7.47 million tonnes cwt in 2014, up 1.2% on the previous year.

Despite the Russian ban on EU fresh and frozen beef (as part of the sanctions on a wide range of agricultural products in August last year), beef shipments during the first eleven months of 2014 rose 27% year-on-year, to 170,087 tonnes swt (GTA/Eurostat), and exports are expected to remain strong in 2015. The increase can be partially explained by the tight global beef supply and the strong demand from markets outside the EU.

Source: MLA

16 March 2015