Forecast Corona accelerates the beef production decline
Production of beef is expected to fall compared to 2019, by a greater extent than was forecast in the spring. This reflects reduced demand from foodservice due to lockdown measures, as well as lower cattle supplies. The dry spring is also expected to have restricted forage supplies, and so lighter carcase weights are expected, as producers decide to slaughter earlier to ease feed pressure.
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The Commission forecasts that EU27 beef exports will grow by 2%, and imports will fall by 7% year-on-year. The fall in imports is expected due to lower animal and meat availability for export in key supplier countries.
Covid-19 has accelerated the expected fall in domestic consumption, which is now forecast to fall by nearly 3% year-on-year.
(Bild: imago images / blickwinkel)