EU beef production lower in March, exports down too

Friday, 5 June 2020

Production

Beef production in the EU was down 0.4% in March compared to the previous year. This brings production for the first quarter to 1.7 million tonnes, up 0.3% on Q1 2019.

Production in several of the larger producing European counties was up in March compared the previous year, France by 1.3%, Ireland 6.3% and Spain 3.6%. This was countered by reductions in production in Italy (-14.4%) and Poland (-2.6%). Production in Germany, the EU’s second largest beef producer was stable in March compared to 2019. (It is worth noting that this data reflects a time period before and in the very early stages of coronavirus restrictions).

Exports

EU export volumes were down in March with exports falling 9% in volume to 34,700 tonnes. Exports fell by less in value terms (-6%) supported by an increase in the average unit price. This brought the volume of EU exports for the whole of Q1 to 107,900 tonnes a fall of 1%. The value of these imports was up 1% to €479.9 million.

Imports

Import volumes for the EU were down 32% in March to 12,900 tonnes. Imports reduced from the EU’s three biggest suppliers, Brazil (-16%), Argentina (-1%) and the UK (-67%). Imports from the US increased 648% to 1,600 tonnes. Value also fell in March, but by a smaller amount, 13%, due to an increase in average prices. For Q1 as a whole imports fell 22% in volume to 57,500 tonnes. Much of this reduction came from a 39% (11,800 tonnes) reduction from the UK. In value terms the cost of imports was down only 8% due to the increase in average unit prices.

 

Jennie Tanner

Analyst - Dairy & Livestock

Sign up for regular updates

You can subscribe to receive Beef and Lamb market news straight to your inbox. Simply fill in your contact details on our online form.

Visit the Keep in touch page

More Beef market news

Topics:

Sectors:

Tags:

×