Pessimism rules in EU beef market
30 September 2001
At the 23rd July 2001 EU Agricultural Council meeting, Agriculture Commissioner Fischler gave a pessimistic report on the state of the EU beef market. After an initial recovery in the Spring, the EU beef market was once again depressed. The discovery of BSE in Greece had not helped matters and a difficult autumn was predicted. With regard to exports, the volume of export licences looked promising but certain major markets remained closed (Egypt, Saudi Arabia, Indonesia, Philippines).
Editorial comment
This Commission briefing indicates increased activity by European beef traders in the context of the continued closure of major markets. The question arisesas to how many of the exports licences will be destined for ACP markets already served by ACP beef producer "sCP beef producing countries should closely monitor the development of beef exports in the coming months.
