Australia hopes for higher share of EU beef market
16/08/2012
According to MLA, Australian beef exports to the EU increased by 30% in 2011 (compared to 2010) to 12,838 tonnes. Its expectation is
EU-based food industry consultancy GIRA has said domestic beef supply within the EU will contract by 2.8% in 2012, principally because increased operating costs and higher prices in 2011 pulled many cattle forward that would have otherwise been processed in 2012. The European Commission has said that between 2012 and 2020, it expects domestic production to drop by 1.3%, with beef and veal consumption predicted to fall 0.8% on 2010 levels by 2020, leaving a shortfall in supply.
“This, coupled with reductions in imports from traditional South American suppliers as their domestic markets heat up, should present an ongoing opportunity for Australian product entering the market,” MLA has said.
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