The market environment for Irish food and drink remains positive for the year ahead. Global demand is likely to persist, leading to a further rise in output.
Prospects for irish food exports in 2013 remain positive.
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Dairy
It looks likely that there will be a production response (1%) in the US due to the lower feed costs. With low stock levels heading into 2014, China will continue to be the demand driver in global markets.
Beef
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Global beef trade is anticipated to rise by 4% in 2014, driven by Brazil, India and Argentina. Slow consumer demand seems set to persist, while a 6% rise in Irish cattle supplies is forecast.
Pigmeat
Global output is expected to grow by 1% due to lower feed costs. Prospects look bright helped by relatively tight EU supplies and ongoing steady global demand, driven by China Russia and US.
Sheepmeat
Slow consumer demand looks set to continue. Tight EU sheep supplies and reduced availability of NZ lamb should provide a stable market for Irish production. Sheep prices are expected to strengthen.
Poultry
Further EU growth is anticipated fueled by reducing feed costs. Global output is expected to grow by almost 3%, led by China, Brazil, India, US and Russia.
Click here for full analysis of food and drink export figures by News Editor Pat O'Keeffe.
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Dairy
It looks likely that there will be a production response (1%) in the US due to the lower feed costs. With low stock levels heading into 2014, China will continue to be the demand driver in global markets.
Beef
Global beef trade is anticipated to rise by 4% in 2014, driven by Brazil, India and Argentina. Slow consumer demand seems set to persist, while a 6% rise in Irish cattle supplies is forecast.
Pigmeat
Global output is expected to grow by 1% due to lower feed costs. Prospects look bright helped by relatively tight EU supplies and ongoing steady global demand, driven by China Russia and US.
Sheepmeat
Slow consumer demand looks set to continue. Tight EU sheep supplies and reduced availability of NZ lamb should provide a stable market for Irish production. Sheep prices are expected to strengthen.
Poultry
Further EU growth is anticipated fueled by reducing feed costs. Global output is expected to grow by almost 3%, led by China, Brazil, India, US and Russia.
Click here for full analysis of food and drink export figures by News Editor Pat O'Keeffe.
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