Global sheep meat supply to increase this year
Global supplies of sheep meat are expected to grow this year, as many producing states will throw more of this product into the market. This is the conclusion resulting from the latest report issued by Hybu Cig Cymru – Meat Promotion Wales (HCC). The report considers supply and demand factors in some of the world’s key beef and sheepmeat producing regions, including the UK, the European Union, New Zealand, Australia, the US and Brazil.
Australia is forecast to see increased production following a near 5% rise in the size of the national flock, along with increased optimism for their sector as the Australia-UK trade deal comes into effect later this year.
The recovery of China’s pig herd following outbreaks of African Swine Fever could lead to more New Zealand lamb being re-directed and imported into Europe and the UK again, following a period of reduced trade with the UK – a drop of 15% on the year during 2021, largely due to freight disruptions and stronger demand from the US. This resulted in a greater reliance on domestically produced lamb in the UK.
“Another key factor which could be significant in terms of red meat consumption will be consumer purchasing patterns. As inflation continues to rise, it is difficult to forecast demand for red meat as consumers feel the squeeze on their household expenditure. In addition, sustainability concerns could also affect consumer purchasing habits. But here in Wales, despite what is happening elsewhere in the world, we can have confidence in the fact that the ‘Welsh Way’ of farming is potentially an answer to both food security and sustainability. We are well placed to make the most of the natural resources we have in terms of grassland management to produce healthy flocks and herds and high quality, traceable products," Glesni Phillips, the author of the report explained.
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