Beef Price Edges Upwards, But More Needed – IFA
IFA Livestock Chair Declan Hanrahan has expressed his view that more is needed from the beef market as prices for beef begin to edge upwards. He said the gap in beef prices with Ireland’s key markets needs to be fixed and that these gaps are unacceptable. “Demand for beef is strong and will only increase further as supplies in the UK and EU are tight, contributing to the higher prices in these destinations,” he said.
The Livestock Chair then called attention to prices paid by factory agents in marts across the country which are often higher than those being given by factories and provide a reasonable alternative option for farmers who are unable to secure higher prices in factories.
“The market justifies further increases in beef prices and factories must close the gap with the Bord Bia prime export benchmark price and align prices based on the strength of our key markets we are exporting into,” he concluded.