ICSA president, Edmond Phelan, has said that the successful conclusion of a Brexit trade deal was a “huge relief to the farming community”.
He believes that “there is no reason for beef price to remain in the doldrums”.
“At last, common sense has prevailed, but it has been a very stressful period for all in the farming sector.”
“There is no escaping the fact that the beef sector, in particular, has suffered huge losses due to market volatility and exchange rate movements.”
“It will be essential now for Ireland to make the case for a substantial piece of the EU Brexit €5 billion fund.”
“ICSA is now calling on beef processors to immediately increase beef price in line with the price being paid to British farmers.”
Mr Phelan concluded by thanking EU chief negotiator, Michel Barnier, for a trojan dedication to this throughout 2020, especially in recent weeks.
The base price for steers is hovering around €3.70/kg-€3.80/kg, while up to €3.85/kg is reportedly available for heifers.
Between €3.50-€3.80/kg is on the table for O/R/U grade bulls, while cows are ranging from €2.90-€3.40/kg.