Ireland secures improved access for beef to 'gateway' market of 600m people
The Department of Agriculture, Food and the Marine have reached a new agreement for enhanced beef trade with Singapore, FarmIreland can reveal.
The previous certificate restricted exports to boneless beef only derived from cattle aged less than 30 months. The new certificate provides for the export of boneless beef derived from cattle of all ages, as well as bone-in beef from cattle aged less than 30 months.
Although Singapore, in terms or land area, is similar in size to Co. Louth, it has a population of 5.5m and is seen as a gateway market for the South/East Asia region that has almost doubled in value terms (€299m) for Irish exports since 2012 (€171m).
This has been driven by increasing populations sizes and wealth leading to increased protein consumption. Dairy is currently Ireland's largest export to the market accounting for almost half of all exports (€143m).
Irish pigmeat has been established for a considerable period in the market with significant exports to Japan and South Korea. In recent times trade on seafood has been very positive also with South Korea, notably, providing a valuable market for Irish whelk.
Japan and Philippines are destinations for Irish beef in S&E Asia with advances being made by the Department of Agriculture on expanding access to include South Korea and Vietnam.
In 2016, exports directly to Singapore stood at €30m representing five year growth of 12pc.
Beef (including offals) accounted for less than €800,000 of this. The revised agreement on access for Irish beef removes the 30 month kill restriction for boneless beef.