Irish beef producers will lose between €50m and €60m from 12 EU trade deals, according to an impact assessment published by the EU this week.
This is because the influx of beef to the EU market will be much greater than the increase in EU beef exports. Most of the extra imports will come from the Mercosur trade deal, which still hasn’t been approved by the EU institutions.
It will also require approval by the Irish Government.
ADVERTISEMENT
The EU impact assessment predicts that the extra beef imports will mean a hit to EU beef prices of 2.4%.
Applying this to the annual Irish cattle kill, that would mean a loss to Irish farmers somewhere between €50m and €60m.
Sheep farmers would also lose out, with prices hit by as much as 3.1%, but overall across the EU agriculture in general gains from the trade deals because of opportunities in dairy, pigmeat, wheat, wine and processed foods.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Irish beef producers will lose between €50m and €60m from 12 EU trade deals, according to an impact assessment published by the EU this week.
This is because the influx of beef to the EU market will be much greater than the increase in EU beef exports. Most of the extra imports will come from the Mercosur trade deal, which still hasn’t been approved by the EU institutions.
It will also require approval by the Irish Government.
The EU impact assessment predicts that the extra beef imports will mean a hit to EU beef prices of 2.4%.
Applying this to the annual Irish cattle kill, that would mean a loss to Irish farmers somewhere between €50m and €60m.
Sheep farmers would also lose out, with prices hit by as much as 3.1%, but overall across the EU agriculture in general gains from the trade deals because of opportunities in dairy, pigmeat, wheat, wine and processed foods.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS