Bord Bia DAFM Live Exporters Meeting

Transcription

1 Bord Bia DAFM Live Exporters Meeting Joe Burke January 2018 AIDAN COTTER CHIEF EXECUTIVE BORD BIA 28 JANUARY 2009

2 Bord Bia / Department of Agriculture, Agriculture, Food and the Marine & Live Exporters Meeting

3 Review and Outlook for EU Beef Sector January 2018 Mark Zieg AIDAN COTTER CHIEF EXECUTIVE BORD BIA 28 JANUARY 2009

4 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Irish weekly finished cattle supplies (head) 6.5% Increase in Irish Cattle Supplies (+105,500 head)

5 Million head Finished Cattle Supplies - Export Meat Plants (F) (F)

6 Kg Carcase Weight Average Carcase Weights Decline Steers Young Bulls Heifers Cows -4.5kg -3.5kg -1.8kg -2.2kg

7 Producer Prices: Ireland R3 Steer (c/kg excl VAT) During 2017, Irish R3 steer price increased by 1.6% vs ( 3.84 vs. 3.78) (w/e 31/12) Irish Price Dec 17: 3.95/kg vs. Dec. 16: 3.63/kg

8 Producer Prices: Ireland vs. UK & Continental EU (c/kg excl VAT) 400 UK R3 Steer 350 Ireland R3 Steer 300 Continental European R3 Young Bull 250 During 2017, Irish R3 steer 3.84 vs. UK R3 steer 4.16, Continental EU R3 YB 3.77 (w/e 31/12) Irish Price 3.95/kg vs. UK 4.18 vs. Continental EU: 3.98/kg

9 UK Jan-Nov prodn -2.5% YB s -11%, Cows -7% European Markets Beef Production 2017 Poland Germany Production +14% Production -1.6% France Production -1.8% Live Exports -2.3% Italy Production +5% EU Beef Production 1.6% higher (EU Commission) Spain Production +1.9% Live exports +59% Live imports 1.15m (+0.3%) Source: EU Commission beef forecast working group

10 000 tonnes EU beef production trend Slight further increase forecast for 2018: +0.4% 1,600 1,400 1,200 1, % -0.6% 2017(E) 2018(F) +1.6% +0.3% +1% +5.5% +0.5% -5.4% France Germany UK Italy Ireland Poland Spain Netherlands Source: EU Commission beef forecast working group

11 EU Beef Consumption Source: EU Beef Forecast Working Group 000 tonnes Growth of 2.5% >320,000T since 2014 Growth forecast 0.5% in

12 % Change Beef Consumption Key Markets UK Ireland France Netherlands Germany Italy Spain Source: Kantar Worldpanel, EU Beef Forecasting Group, Bord Bia

13 000 tonnes cwe EU Beef Imports/Exports Source: EU Commission EU-28 Beef Imports 2017: Imports -5% 2018: Exports +10% EU-28 Beef Exports 2017: +10% 2018: +1%

14 EU Exports of Beef and Live Cattle increase by 15.2%

15 EU Exports of Beef and Live Cattle increase by 15.2%

16

17 EU Exports to Turkey

18 Summary Irish cattle supplies increase by 105,000 hd Irish cattle prices 1.6% higher Also improvement across continental EU EU beef output grew by 1.6% Firm market situation underpinned by: - Growing EU consumption - Strong exports of beef and livestock to international markets

19 Thank You Happy New Year!