As Irish beef price continues to fall, the gap between Irish beef price and the Bord Bia export benchmark price, currently at 19 cent/kg is widening. IFA President Tim Cullinan is calling on meat factories to immediately address this gap which is costing the Irish livestock sector millions on a weekly basis.
“We estimate that the gap between the export benchmark price and the Irish beef price is costing the Irish beef farmers about €2 million per week at the moment. This is at a time where farmers are really struggling due to bad weather and escalating costs,” Cullinan said.
“Farmers need every cent that is in the market to be returned to them. But, instead of closing the gap with the benchmark price, factories are going in the other direction with beef price,” he added.