November 21, 2007

Shortage could boost Irish beef prices

A likely shortfall of beef in the spring could lead to a much-needed rise in cattle prices, the Irish Cattle and Sheep Farmers' Association (ICSA) said on Tuesday (November 20).

ICSA beef committee chairman Robin Smith said there were whispers that the possibility of sourcing beef in other EU countries has been investigated.

That was in preparation for an expected drop in Irish cattle numbers, he said, suggesting farmers here may find themselves in a stronger bargaining position.

Smith warned beef importers they must adhere to the country of origin beef regulations or face the consequences.