Farming

| 15.6°C Dublin

Close

Premium

Martin Coughlan: 'Fighting short term battles on price is popular, but it’s not enough'

Close

Farmers block traffic in St Stephens Green, Dublin, in protest at beef prices (Niall Carson/PA)

Farmers block traffic in St Stephens Green, Dublin, in protest at beef prices (Niall Carson/PA)

Farmers block traffic in St Stephens Green, Dublin, in protest at beef prices (Niall Carson/PA)

Data compiled by Bord Bia shows that the across the EU the 25th of April appears to have been the nadir as far as beef prices were concerned.

Driven downwards, by the complete closure of the hospitality and fast food sectors across the continent, the average EU price for R3 steers and bulls bottomed out that week at €3.44/kg.

In Ireland that week the average slumped €3.40/kg with R3’s in the UK settling at €3.70/kg. Five weeks later on the 30th of May that same data show the average price for R3 steers in Ireland had risen 22c/kg to €3.62/kg with the UK price up 21c/kg to €3.91/kg.