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RESUMPTION OF CHINESE EXPORTS MUST LEAD TO AN INCREASE IN BEEF PRICE

Jan 18, 2024 | Latest News, Press Releases | 0 comments

ICSA Beef chair Edmund Graham has said the resumption of beef exports to China is welcome but stressed that farmers must see a dividend as a result this time. “We have fought hard once again to get Irish beef back into the Chinese market and the opportunity is there to really make that market count, and count for the primary producers of beef, not just the processors. The resumption of exports to China must lead to an increase in beef price,” he said.

Confirmation of the resumption of Irish beef access to China came from Minister for Agriculture, Food, and the Marine, Charlie McConalogue TD, and Minister of State, Martin Heydon TD following high level talks in Dublin today between the Taoiseach Leo Varadkar and the Chinese premier Li Qiang.

Continuing Mr Graham said, “Beef farmers are enduring yet another long, hard, and expensive winter and the current price of beef is still not enough to cover our increased cost of production. Beef price needs to go to a base price of a least €6.00/kg in the short term to cover the costs of this winter.”

“We know there was a lot of optimism in 2018 with the initial opening of the Chinese market and then again in early 2023 when exports to China first resumed following a break of over two years. There will be optimism again now, but it is no use to us if it does not result in a price rise for beef producers. This opportunity must translate into a concrete rise in beef prices for it to be truly beneficial.”

ENDS

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