6 DECEMBER 2019
ICSA beef chair Edmund Graham has said a beef price increase of just 5c is a derisory offer that won’t quell farmer frustration with the current state of beef prices. “The proposed level of this increase by ABP is way below what’s needed. It appears the meat industry is hell bent on dragging out any meaningful price increases for as long as possible.”
“ABP were already back by 5c on the other processors with base prices of just €3.45 for both heifers and steers this week. At that rate, the bulk of any price increase will just go towards getting back on the same low level as the others.”
“The indicators all show that there is no reason why beef price should remain stuck at €3.50/kg or below when markets all over the globe are taking off. We need to see real movement to get our beef prices off the floor if the sector is to have any hope, and time is running out” he said.