The biggest news in the global beef market over the last few weeks has been the granting of access for Brazilian beef to the U.S. market. Brazil has been granted access to the “Third Country” quota section which limits imports to 64,805 tons per annum. This quota is shared with Ireland and some Central American […]
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The International Council for the Exploration of the Sea (ICES) have advised that the cod and haddock catch in the Barents Sea in 2017 should be reduced. They advise that the cod quota should be reduced from 894,000t to 805,000t and that the haddock quota should be reduced from 244,000t to 233,000t. The ICES’s advice […]
Scotland as a whole voted to Remain in the EU, however the Scottish Fishermen’s Federation (SFF) welcomed the Brexit vote. They believe there is now an opportunity to set up an exclusive economic fishing area in the same way as Iceland or the Faroes. Taking a different view the National Federation of Fishermen’s Organisations have […]
Australian beef cattle prices are expected to remain strong during the next 12 months, according to the Rabobank beef quarterly report. Rabobank said strong cattle prices were expected to continue as producers rebuild the national herd after three years of heavy culling due to dry conditions affecting many areas of the country. “The shortage of […]
The political and economic uncertainty surrounding the Brexit vote has consequences in many unintended places. The World Beef Report asserts that the British referendum result put a quick end to the improvement in sales to the European market in general. Nobody is willing to take chances on agreeing prices while the situation is so volatile.