On-the-Ground Update

Surge in Demand for Indian Bobby Veal in Saudi Arabian Market Amid Supply Shortages During W48

Frozen Boneless Beef
India
Saudi Arabia
Market & Price Trends
Mohamed Khalil
Published Dec 2, 2023
The Kingdom of Saudi Arabia (KSA) market is experiencing a surge in demand for Indian bobby veal due to a shortage in production in India. The average price for Indian bobby veal was USD 2,700 per metric ton (mt), but it has risen to USD 3,200/mt and beyond in W48. This significant price increase reflects the impact of supply shortages in India, contributing to heightened demand and an upward pricing trend in the Saudi Arabian market.
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