UK beef prices to rise

by Andrew Barrow, Posted May 2nd 2006 @ 2:15PM

What is good for the producer - the ending of export restrictions on UK beef - is not going to be good for the consumer.

UK exports of beef to Europe have been restricted for over ten years after the BSE crisis. With a loss of overseas markets producers were forced to lower prices to sell the excess to the UK consumer. Prices obviously fell. Many farmers sell below cost price, with British premium beef – skinned and cleaned – costing £2 per kilo while the European is £2.40.

With the ending today of the restrictions it is expected that UK premium beef prices could rise to around £2.50 per kilo. The UK will be able to export live cattle born after 1 August 1996, and bovine meat and products produced after 15 June 2005, under the same terms as other member states from today.

Source

Filed Under: Farming, Business, Trends, Stores & Shopping, Ingredients
Tags: beef, beef export, beef export restrictions, BeefExport, BeefExportRestrictions, british isles, bse, europe, food and drink, FoodAndDrink, stores-and-shopping