Asian beef exports improve, but it’s still bad
Seth Harris
March 2, 2017
When it comes to global beef exports, it’s clear how tough it gets. Last year, just 7 per cent of beef came from China and Mexico, and only a small proportion from Bangladesh. It’s not surprising, considering that the entire world’s beef consumption is growing.
While the UK beef industry has long been the most highly-visited segment among EU customers, that has changed. In the last few years, the UK beef sector has grown at a faster pace than the rest of Europe. So far this year, UK export volumes have reached an incredi여주출장마사지ble 3.2 million tonnes, more than 20 per cent more than in 2016. In total, the sector has grown by 17 per cent on last year.
This has led to beef being the first meat to move off the UK’s list of top export destinations in a recent report (pdf) by the trade body BeefExpo. The UK had previously ranked fifth, making it the best performer on th아산출장샵 아산안마e European continent.
But while beef exports are up, the sector as a whole is still struggling. There’s also a major issue with low prices. With an average price of $US13 per tonne, a tonne of beef is worth $US2.3 billion a year in the UK.
If it costs $US10 a tonne to buy the same volume in the US, that would represent the equivalent of just 2.4 per cent of the UK’s overall beef production. And while the number of beef products on UK shelves has more than doubled over the last five years from just 10,000 to 40,000, the UK exported 1.3 million tonnes in 2016, still just 0.3 per cent of the beef volume on the UK’s shelves.
In fact, the growth of UK meat is largely driven by beef produced in the USA. But if you look at the other beef exporters – Canada, Australia, Mexico, and the United Arab Emirates – the growth has slowed too. For these beef exports, the UK ranks 22nd in the world, with annual export volumes declining by 11.7 per cent since 2012.
According to Trade and Industry Minister Liam Fox, the UK is not alone in its struggles to find a place for its bee라이브 바카라f on the world stage. Fox said that the problem, which has seen the global cattle trade collapse, was also the result of a lack of interest from some countries – including th
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