Firm prices boost beef and sheep outlook
Strong global demand from emerging economies means that global prices for beef and sheep are likely to remain firm in 2012, according to the latest International Meat Market Review.
The review, which is published by AHDB’s Market Intelligence division on behalf of Eblex and Bpex, stated that the beef and sheep sector should see some recovery as a result.
“Global beef prices continued to increase in 2011, with prices in major producing countries all ahead of last year. It is likely that firm prices will prevail through 2012,” said AHDB senior analyst Debbie Butcher. “Full-year figures are expected to show that beef and veal production fell in 2011, but we should see some selected modest recovery in 2012.
“In terms of lamb, with tight supplies set against rising demand in emerging economies likely to continue, prices should remain firm in 2012, if not quite reaching the heights recorded at some points in 2011. As a result of this optimistic outlook, rebuilding of the global flock is expected to become more apparent.”
Copies of the International Meat Market Review are available by contacting the AHDB Market Intelligence division on 024 7647 8850 or by emailing firstname.lastname@example.org.