Bulgaria: Beef and veal prices jumped by more than 10%

Published 2021년 12월 19일

Tridge summary

Beef and veal prices in Europe have seen a significant increase of 10 to 13% compared to the previous year, according to the Center for Economic Research in Agriculture (SARA). This trend is projected to continue into the end of 2021, driving up the cost of some sausages. Concurrently, pork prices are decreasing due to an oversupply in Europe, despite rising feed and fuel costs. Chicken is expected to remain the most affordable meat option during the holidays, although its prices have increased compared to last year. The production of beef and veal, as well as chicken, has seen an increase compared to the previous year, while duck meat production has decreased by 8%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In recent months, beef and veal prices have risen by 10 to 13% from last year's levels. This is shown by the latest data from the Center for Economic Research in Agriculture (SARA). Their growth is mainly due to the upward dynamics of European prices, and the upward trend is expected to continue until the end of 2021. According to the statistics of the European Commission (EC), while red meat was traded for 4185 BGN / ton of slaughter weight in August this year, their estimated price for December reached 4400 BGN / ton. Preliminary data from the Ministry of Agriculture show that the production of beef and veal in slaughterhouses by the end of September amounted to 4.56 thousand tons, which is an increase of 7 percent compared to the same period in 2020 According to SARA estimates, by the end of the year the amount of beef and veal produced in industrial conditions could reach 6.7 thousand tons or a 7.2% increase on an annual basis. According to experts, the increase in the price ...

Source: Monitor