Increasing EU beef exports in the first half of 2014 replace partially prevented pork exports
The more moderate in recent years EU beef exports regain momentum. In the first five months increased beef exports of the EU + 17.5% compared to the prior year period.
While Turkey largest customer of European beef has been in the year 2012, these deliveries almost to zero have been driven down. Increasing domestic production and cheaper offerings have ousted EU exports to Turkey.
Other importing countries come to the fore. Russia all marched with an increase of + 18,000 t or + 64%. Obviously, a partial compensation for the suspended pork imports is wanted here. Beef by-products are taken just like like frozen goods. Fresh imports of goods and life end in loads play only a small role. In the second half of the upturn is likely to be more moderately, because due to the pasture must increasingly own goods is expected. Also the limits for EU pig meat imports may also partially re-opened until then.
With a growth rate of + 98% or approximately + 9,500 t in the first five months alone 2014 Hong Kong stands in 2nd place in the order of increasing beef importers from the EU. In contrast to Russia will be here with further increases to rake. China's imports from the EU are still of minor importance
The import growth of African States, Ivory Coast and Angola are remarkable. In the 15,000 t there have been delivered from the EU the first 5 months. High growth rates of 30%, but by a lesser volume of output are also for Morocco and Angola to watch. stable and high-income African countries are increasingly becoming consumers for higher value food, where pork not taken into consideration for ideological reasons.
The international beef prices show a wide differentiation. In the United States, the rates due to the drought-related shortages of beef attract disproportionately. The price increase is supported by the PEDv-related decline in supply in the U.S. pork sector. in India, Australia and New Zealand, beef prices was only halfway down the US and EU moves prices. Differences in quality, market distances and competition with cheap poultry meat are the decisive factors.
Again increasing beef production in South America in the last 2 to 3 years, that is since 2010 suddenly no longer keep from under 2 to over €3.5 per kg increase in prices. However, the currency instability in the South American countries play an essential role in assessing price.
The EU beef prices are geared increasingly in the price range between 3.5 and maximum €4 per kg to the R3-bulls. The current tendency is to given low pig prices and sufficient export surpluses rather easily.
