Irish beef exports down in Q1
During the last month of the first quarter, cattle slaughter in Ireland has fallen by 6.1% compared with March 2020. The trend was seen also in the first two months of the year, with slaughter figures for Q1 totaling just 434,100 head (-13.6%).
According to ADHD analysts, the decline was expected as higher slaughter throughputs last autumn tightened the supply of cattle available now. "Industry estimates forecast a 3% fewer cattle to be slaughtered (50,000 head) during 2021. This tighter supply may be helping to support prices in Ireland, as well as also limiting the volume of beef available for export," announced AHDB analyst, Charlie Reeve.
Irish beef exports for Q1 totaled 105,400 tonnes, down 22% from the figures reported in the same period last year. 38% decrease was reported in exports to the UK, followed by France, the Netherlands and Sweeden to a lesser extent.
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