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beef demand beginning to stage a comeback?
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the australian beef industry is likely to have weathered the worst of the turbulent trading conditions arising from the global economic and financial crises, with early signals that beef demand is now more resilient - according to meat & livestock australia’s (mla) 2009 cattle industry projections - mid year update. domestic and global beef demand was more severely impacted by the economic turmoil over the first half of this year than anticipated, but mla believes the signs are good for recovery in the back half of the year. mla economist tim mcrae highlighted that some of the necessary pre-conditions required to re-ignite demand had started to surface. “world economic bodies are forecasting improved economic conditions for later this year, beef stocks in key markets are dwindling, lower import prices are starting to be passed through to consumers in japan, and the korean market is recovering from the period of instability created by the return of us product,” he advised. “mla predicts that export demand will start to rally in the second half of 2009, further aided by a seasonal increase in demand from japan and korea.” some factors could hinder the speed of recovery, however, including the direction of the australian dollar, the drought in southern areas of the country and the timing of global economic recovery. “exporters are still grappling with tight livestock supplies, the appreciating australian dollar, weak co-product prices and low import prices,” mr mcrae highlighted. “it probably won’t be until 2010 that exports will start to really gather steam, when volumes are forecast to approach the one million tonne swt mark, as the japanese, korean and us economies revert to growth.” “this year’s price peak for cattle is expected to be more restrained than last year’s; however, prices over the latter months are likely to be higher than in 2008.” beef and veal production in 2009 is predicted to fall 2.5% on 2008, in contrast to the small rise forecast in mla’s projections in january - a result of lower than expected feedlot output, lower offer prices, lighter average carcase weights, and improved seasonal conditions encouraging producers to rebuild herds. tighter production and an increased portion of beef heading for export markets is expected to see australian beef consumption fall 5% in 2009. however, over the medium term, consumption is expected to increase, boosted by a recovery in demand and higher beef production. global demand is likely to move with australian demand, forcing prices higher. “the tighter supply of beef globally should continue to put upward pressure on beef prices, with food inflationary pressures returning in the medium term,” mr mcrae concluded. -->
Source :ausfoodnews.com.au
Date :
11
August
2009
Category :
Meat Products
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consumers buying meat will find it easier to know whether their beef is best for the barbeque or a casserole, with new beef labelling rules due to commence at the end of this month, nsw primary industries minister steve whan said today. “what this means for shoppers is there will be clear description of beef categories that will assist them in understanding the age of the animal their meat comes from,” minister whan said.
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the u.k. food standards agency (fsa) recently announced that the meat from a cloned cow has made its way into the food supply. according to a recent bbc report, a u.k. farmer purchased cloned bull embryos from the u.s., bred the animals and sold one of them as food back in july 2009.the report states that steven innes, the farmer who purchased the cloned embryos and sold the cloned meat, did so in full accordance with the law.
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the passing of the food amendment (beef labelling) bill 2009 will help address consumer concerns about meat quality, nsw minister for primary industries tony kelly claimed today. minister kelly said the new legislation would also help encourage support for the state’s beef producers. “consumers have been concerned about the problem of inaccurate or deceptive beef labelling for decades,” he said. “the variability in beef eating quality impacts on consumer confidence - to the detriment of the retail beef market, and ultimately, our valuable beef industry.
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red meat meals make up half the nation’s top 10 dishes, according to a report launched by meat & livestock australia (mla) - and cooking from scratch is becoming a more regular occurrence. the report, titled last night’s dinner, provides an in-depth understanding of australians’ food preferences and main meal practices. on top of showing the leading dishes it also shows that australians are taking the time to cook healthy and nutritious meals from scratch with fresh ingredients, and then eating those meals together around the family dinner table.
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europe's dioxin crisis has widened, with food regulators in belgium, the netherlands and germany placing quarantines on hundreds more pig and poultry producers that received contaminated feed. the dioxin contamination, not only means a sourcing problem for processors, but also marks another european food scare that might put people off their meat. the threat of avian influenza has already hit poultry consumption is some countries, while the beef industry is starting to recover from fears over bse and food-and-mouth disease.
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overcapacity continues to affect the organic food industry with a new report from uk market analysts organic monitor that reveals large volumes of organic meat products are coming into a market that is showing slowing growth rates. according to the report, the european organic meat products market has been growing at over 20 per cent per annum since 1998, but considerable slow down is about to occur with market growth forecast to dip to 9.
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warranted or not, it comes as no surprise to learn that there is growing concern among uk consumers over food safety. according to new research from mintel, 41 per cent of adults were concerned about the safety of food in 1997, while in 2002 this figure has risen to 44 per cent of consumers. the report revealed that there is a considerable difference in attitude between men and women with over half of women (51 per cent) worried about food safety, compared to just 36 per cent of men.
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the us agriculture department, which is seeking a record us$ 905 million (€1,024m) for food safety spending next year, will hold a series of public meetings on ways to better protect the nation\'s food supply, a top usda official said yesterday. elsa murano, usda undersecretary for food safety, told a house appropriations subcommittee that the $ 905 million requested for fiscal 2003 would pay for 7,600 food inspectors, expand research and help small processors reduce the risk of salmonella, e.
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