Huw Irranca-Davies – 2014 Parliamentary Question to the Department for Environment, Food and Rural Affairs

The below Parliamentary question was asked by Huw Irranca-Davies on 2014-06-24.

To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment he has made of the causes and effects of falls in beef farm gate prices; and if he will make a statement.

George Eustice

With supplies of cattle outstripping demand both at home and abroad, domestic prime cattle prices have been under pressure and have fallen throughout 2014. In May, prices were at their lowest level since mid-2012 and 15-20% lower than the peak reached in 2013. The European Commission (EC) Short Term Outlook expects beef prices to remain firm although below the 2013 record highs.

On 1 July, the Parliamentary Under Secretary of State for Farming, Food and the Marine Environment will be hosting a senior-level beef industry summit with retailers, meat processors and farmers to discuss falling farm gate beef prices and develop strategies for a sustainable British beef sector.