‘Beef finishers will welcome better prices’

Mr Irwin said beef farmers had endured a very difficult period and would be relieved to see a recovery in prices.

He commented: “The slump in beef prices over the last number of months was a really difficult and stressful period for many farmers and with the coronavirus crisis, this only added to the sense of gloom amongst producers.

“Prices were poor for a prolonged period and these challenging market conditions can only be weathered for so long by the farmer until it is completely unsustainable. It is a relief that prices have recovered and this will be warmly welcomed by beef farmers right across the Province.”

Mr Irwin said: “Profitability in farming is something that is continually under the spotlight and has been an ongoing concern even long before the Covid19 crisis. There has been massive upheaval in the food supply markets across the UK, Ireland and indeed the globe during the pandemic with this leading to a slump in demand from restaurants, cafes and the entire hospitality and tourism sectors.”

He concluded: “It is a relief to see prices recovering and this will not be before time for farmers throughout Northern Ireland and will at least give some sense of stability during these uncertain times.

“Beef processors must realise that for them to survive the beef finisher must receive prices at levels that are sustainable for them to continue producing beef, this must be recognised and acted on.”