Financing Import/Export

The Turkey Beef Cattle Timeline

 

Data published by the OECD indicates a steady increase in per capita beef consumption over the last 10 years which now averages 8kg retail weight. The total beef market amounts to almost 900,000 tonnes cwe. In 2011 the sharp rise in imports more than offset the considerable fall in domestic production which since has moved up again, meaning large import volumes are no longer needed.

 

Projections issued by the OECD earlier this year suggested that production would increase considerably in 2015, however it is possible that this has not been the case given that retail meat price inflation is now reported to be 30 per cent and hence the government action needed to reduce it.

 

In August 2015 the Turkish state-run organisation, the Meat and Milk Board (ESK), announced a tender for 10,000 tonnes of beef carcases to be supplied by the EU at zero customs duty. This was out of the total red meat quota of 19,100 tonnes according to Turkish sources. The 10,000 tonnes contract was won by Polish companies.

 

Besides beef, store cattle are also imported for finishing in Turkey, this trade re-commenced somewhat earlier than the product trade, in November 2014. France, in particular, benefits from this trade, shipping 42,000 head, mainly young stores, between November 2014 and June 2015. The other main supplier is Uruguay, but Brazil is also expected to enter this market following agreement on sanitary certification. The EU supplied 96,000 head in the first seven months of 2015, whereas there were no shipments in the same months of last year, with France the main supplier Hungary is the second largest.

 

 

 

It is unclear as to future developments in Turkish beef imports, but it is understood that a "critical issue" is related to the maintaning of zero customs duty applicable . One key reason for the contract is to help meet the demand for the Muslim festival, Eid al-Adha, otherwise known in Turkey as the Feast of Sacrifice. Once this has passed the demand/supply balance should be linked to the availability of domestic beef including from stores imported during the year.

 

Data published by the OECD indicates a steady increase in per capita beef consumption over the last 10 years which no In August 2015 the Turkish state-run organisation, the Meat and Milk Board (ESK), announced a tender for 10,000 tonnes Besides beef, store cattle are also imported for finishing in Turkey, this trade re-commenced somewhat earlier than the pr In terms of implications for the UK market the resumption of EU trade with Turkey should at least give some indirect benefit. It is unclear as to future developments in Turkish beef imports, but it is understood that the zero customs duty applicable