Beef trade to UK accelerated in August
Irish beef exports to the UK have accelerated, according to data from the UK’S Agriculture & Horticulture Development Board, which says figures for UK imports of fresh/ frozen beef in the year to August indicated that Irish shipments increased by 11,400 tonnes (9%) year-to-date, compared to 2017.
The AHDB says this is fuelled by high production in Ireland this year, but predicts that increased Irish calf exports in 2017 and 2018 could potentially reduce Irish fresh/ frozen beef exports next year and beyond. Irish e po gr h h a s s l i g ht l o u t - stripped the more than 8% growth in UK imports of fresh/frozen beef in the year to August, compared to 2017, totalling 188,000 tonnes this year.
It is possible that increasing Irish beef exports to the UK are due to Irish beef processors building supplies of beef for storage in the UK, so that they can continue to supply t h e ir B i t i h c u s t o m e r s i f trading is disrupted by a Brexit no-deal.
Dairy processors such as Ornua have already adopted this strategy.