Irish beef prices fell from being among the best in Europe in June to being second from bottom in our main EU export markets in less than three months.
Prices paid to Irish farmers have fallen by 26c/kg over 12 weeks, compared to the European average which increased by 10c/kg during the same period.
Prices in Britain fell by the equivalent of 3c/kg when converted to euro because of sterling weakening.
ADVERTISEMENT
However, in sterling values they increased from £3.58/kg at the beginning of June to £3.75/kg at the end of August.
Farmer anger
IFA president Joe Healy has warned of farmer anger about the price cuts and he is to meet Minister Creed on the issue next week.
IFA livestock chair Angus Woods said Irish beef farmers are losing close to €2m per week as a result of sterling weakness.
The IFA wants Minster Creed to direct the factories to stop cutting prices. It also wants the CAP crisis reserve fund and market support measures to be used in response to the Brexit crisis.
Also on the table for talks are the live export trade and a commitment that beef be excluded from any EU market access in Mercosur talks.
The organisation has called for a €50/cow bolt-on to the welfare element of BDGP and low-cost loans to be made available to all sectors of farming, including mushrooms.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Irish beef prices fell from being among the best in Europe in June to being second from bottom in our main EU export markets in less than three months.
Prices paid to Irish farmers have fallen by 26c/kg over 12 weeks, compared to the European average which increased by 10c/kg during the same period.
Prices in Britain fell by the equivalent of 3c/kg when converted to euro because of sterling weakening.
However, in sterling values they increased from £3.58/kg at the beginning of June to £3.75/kg at the end of August.
Farmer anger
IFA president Joe Healy has warned of farmer anger about the price cuts and he is to meet Minister Creed on the issue next week.
IFA livestock chair Angus Woods said Irish beef farmers are losing close to €2m per week as a result of sterling weakness.
The IFA wants Minster Creed to direct the factories to stop cutting prices. It also wants the CAP crisis reserve fund and market support measures to be used in response to the Brexit crisis.
Also on the table for talks are the live export trade and a commitment that beef be excluded from any EU market access in Mercosur talks.
The organisation has called for a €50/cow bolt-on to the welfare element of BDGP and low-cost loans to be made available to all sectors of farming, including mushrooms.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS