EU-28: Livestock and Products Semi-Annual
Despite the Russian ban on pork and beef, the EU meat sector is forecast to retain production and export levels. The sector further improved its efficiency and benefitted from low feed prices. The competiveness of the sector is, however, combined with record low prices and tight or negative profit margins. Supported by the limited global supply of beef and pork, exports have been re-directed to alternative markets. Based on the favorable exchange rate of the Euro, EU exports of beef and pork are forecast to expand in 2015.
