Strong demand keeps beef prices high

UK - A global shortage of beef will drive UK prices up in the medium term, but farmers must become stronger sellers if they are to survive that long.
calendar icon 20 September 2006
clock icon 1 minute read

Robert Forster, chief executive of the National Beef Association, told farmers at last week's Beef and Growing Cattle event at Hatherleigh, Devon, that strong demand and higher prices were here to stay.

"There is an increasing scarcity of cattle, which is being driven by an EU deficit - the export demand is real. The market will continue to grow and get a little stronger every day - we haven't seen that for 10 years."

GB R4L prices averaged almost 210p/kg last week - considerably better than the 154p/kg averaged in October last year, said Mr Forster.

Source: Farmers Weekly Interactive

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