The 2018 World Cup in Russia is behind a significant spike in demand across meat and dairy markets. Pizza consumption spikes during the month-long tournament. Mozzarella cheese prices have soared by 40% this year to €3,450/t as a result of expected consumption.
Australian beef exports for May increased 15% year on year to reach just under 110,000t, with Japan, USA, China and Korea the main export markets. This brings cumulative Australian beef exports for the first five months of 2018 to more than 435,000t, which is 15% ahead of last year.
Beef farmers in Argentina sent just over 1.1m head of cattle for slaughter in May, according to Argentine authorities. This brings the cattle kill in Argentina for the first five months of 2018 (Jan to May) to 5.35m head, which is 7% ahead of last year.
ADVERTISEMENT
The USDA has lowered its forecast for year-ending stocks of corn to 40m tonnes as a result of strong export demand, higher use in animal feed and increased ethanol production. US corn exports are on course to reach 58.5m tonnes, which would be the highest since 2007/08.
Register for free to read this story and our free stories.
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.
The 2018 World Cup in Russia is behind a significant spike in demand across meat and dairy markets. Pizza consumption spikes during the month-long tournament. Mozzarella cheese prices have soared by 40% this year to €3,450/t as a result of expected consumption.
Australian beef exports for May increased 15% year on year to reach just under 110,000t, with Japan, USA, China and Korea the main export markets. This brings cumulative Australian beef exports for the first five months of 2018 to more than 435,000t, which is 15% ahead of last year.
Beef farmers in Argentina sent just over 1.1m head of cattle for slaughter in May, according to Argentine authorities. This brings the cattle kill in Argentina for the first five months of 2018 (Jan to May) to 5.35m head, which is 7% ahead of last year.
The USDA has lowered its forecast for year-ending stocks of corn to 40m tonnes as a result of strong export demand, higher use in animal feed and increased ethanol production. US corn exports are on course to reach 58.5m tonnes, which would be the highest since 2007/08.
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