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International Review Forecasts Firm Beef Prices

14 February 2012
EBLEX

GLOBAL - Global prices for both beef and sheep are likely to remain firm in 2012, helped by demand from the emerging economies. This is the encouraging message from the latest International Meat Market Review, published by AHDB’s market intelligence division on behalf of EBLEX and BPEX in the UK.

“Global beef prices continued to increase in 2011 with prices in major producing countries all ahead of last year. It is likely that firm prices will prevail through 2012,” said AHDB senior analyst Debbie Butcher.

“Full year figures are expected to show that beef and veal production fell in 2011, but we should see some selected modest recovery in 2012.

“In terms of lamb, with tight supplies set against rising demand in emerging economies likely to continue, prices should remain firm in 2012, if not quite reaching the heights recorded at some points in 2011.

“As a result of this optimistic outlook, rebuilding of the global flock is expected to become more apparent.”

Copies of the International Meat Market Review are available by contacting the AHDB market intelligence division on 024 7647 8850 or by emailing dorian.harris@ahdb.org.uk.

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