Increased retail prices for beef cuts are not reflected in the price farmers are receiving for their animals, according to the National Beef Association.
Data published in last week’s issue of The Grocer (Price Flash, p63) demonstrated that lean steak mince sold in Tesco, Asda, Sainsbury and Morrisons is 21.7% dearer than six months ago. Rump steak prices in the big four are 16.8% higher.
But NBA chief executive Robert Forster said that while the price rises were encouraging, they had yet to be matched at farm level. “These
figures are welcomed by the NBA, because it is easier for retailers to pay processors more for the beef they buy if they in turn are selling it for more money to consumers.
“However, we also note that current domestic prime cattle averages are almost exactly the same as those paid at this time last year.”