The Turkish government is offering contracts to Irish live exporters to supply weanling bulls in 2018, showing that strong demand continues for Irish cattle.
The price on offer is the same as operated in the second half of 2017 at €3.70/kg, with the animal weighed and priced on arrival at port.
As before, the shipper must put up a bond of 4% to guarantee filling of the contract. Any lame animal is docked €100, while any wrong breed is docked €200.
Payment will be made two weeks after delivery and, as the contract is with the state-owned Meat and Milk Commission, is secure.
Struggle
However, exporters here say it has been a struggle for them to operate at this price and make a profit. The cost of chartering a boat is over €400,000 per delivery.
The shipper must feed the animals for a quarantine period and vaccinate them. As a result, there has been no rush so far to sign new contracts.
The situation is different for heifers as Turkish importers can sign contracts directly with Irish exporters.
Purcell Brothers’ boatload of over 3,000 bull weanlings will arrive in Turkey on Monday. The firm has two more shipments to load and already has numbers for quarantine. With more weanlings now coming out, it is finding it easier to fill numbers.
Heifers
John Hallissey’s boat of over 1,920 heifers will arrive in Turkey on Tuesday. He plans to send at least one further boatload before year end, and possibly two if he can get cattle.
IFA livestock chair Angus Woods said that demand in Turkey would be a strong support for the weanling and store trade this autumn.
Read more
Two boatloads of weanlings sail for Turkey
Beef prices: Regional and factory price variation
The Turkish government is offering contracts to Irish live exporters to supply weanling bulls in 2018, showing that strong demand continues for Irish cattle.
The price on offer is the same as operated in the second half of 2017 at €3.70/kg, with the animal weighed and priced on arrival at port.
As before, the shipper must put up a bond of 4% to guarantee filling of the contract. Any lame animal is docked €100, while any wrong breed is docked €200.
Payment will be made two weeks after delivery and, as the contract is with the state-owned Meat and Milk Commission, is secure.
Struggle
However, exporters here say it has been a struggle for them to operate at this price and make a profit. The cost of chartering a boat is over €400,000 per delivery.
The shipper must feed the animals for a quarantine period and vaccinate them. As a result, there has been no rush so far to sign new contracts.
The situation is different for heifers as Turkish importers can sign contracts directly with Irish exporters.
Purcell Brothers’ boatload of over 3,000 bull weanlings will arrive in Turkey on Monday. The firm has two more shipments to load and already has numbers for quarantine. With more weanlings now coming out, it is finding it easier to fill numbers.
Heifers
John Hallissey’s boat of over 1,920 heifers will arrive in Turkey on Tuesday. He plans to send at least one further boatload before year end, and possibly two if he can get cattle.
IFA livestock chair Angus Woods said that demand in Turkey would be a strong support for the weanling and store trade this autumn.
Read more
Two boatloads of weanlings sail for Turkey
Beef prices: Regional and factory price variation
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