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Factories paying the price

This article is from page 17 of the 2005-09-06 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 17 JPG

IFA National Livestock Committee Chairman John Bryan said factories are having to pay €2.52/kg for beef.

“Tighter supplies and an increase in demand means €2.52/kg has been paid by all the main factory outlets this week.”

Mr. Bryan said most factories are quot- ing €2.46/kg for R grades and €2.35/kg for O grades. However, they are having to pay €2.52/kg to get supplies.

The IFA livestock leader said heavy continental steers along with beef heif- ers are extremely scarce with prices of

up to €2.30/kg paid to secure supplies.

‘Following the recent visit to Egypt by the Department of Agriculture and Bord Bia, the stage 1s now set for an immed1- ate resumption of the beef trade. Posi- tive changes to the age limit, testing and veterinary inspections, opens the way for a resumption of trade. It is essen- tial the factories proceed immediately as Ramadan commences early this year on October 4th” he said.

According to the IFA livestock leader the EU market for beef has also im- proved as the end of the holiday season approaches. “Beef prices in the UK have stabilised and prices in all the ma-

jor markets across Europe are up, with most well above the €3.00/kg mark for prime cattle,’ he added.

In France, R3 grade steers are mak- ing €3.41/kg incl. VAT, R3 bulls are making €3.11/kg and R3 heifers are at €3.60/kg.

In Italy, R3 bulls are making €3.43/kg and heifers are at €3.85/kg. Young bulls in Germany are making €3.06/kg. In Spain, R3 bulls are making €3.06/kg and heifers are making €3.16/kg.

Mr. Bryan said the market for cow beef has also improved with prices of €2.10/kg to €2.24/kg being paid.

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