Most of the top ten beef producing countries around the world have increased production over the past decade except for two, the EU and Australia. Australia has had some issues with drought, but domestic consumption has also dropped in these two markets. In fact, consumption in Australia has dropped slightly more than the reduction in production. Europe’s consumption and production of beef has dropped the exact same amounts. This is in part due to strict import quotas that have prevented foreign beef from filling any unmet demand. Australia only has phytosanitary requirements for imported meat and so any demand unmet by local production would draw in imports. In the draft version of Europe’s new Farm to Fork (F2F) policy it sai...

TAGS – Livestock, Australia, Europe, North America, South America, Russia