Beef: prices continue to rise unabated in Spain

Demand is very strong and supply is becoming scarcer and less important each week. Industry sources highlight the sharp rises in prices, which they describe as a “total surge”. Domestic demand is supporting this push in the market, as this is when the highest consumption of the year is recorded. But it is sales abroad, mainly to Algeria and Morocco, which set the price level. In the case of the Ebro market, the largest increases have been recorded so far this year. In fact, to find a greater increase, one would have to go back to the first week of January 2004, when prices rose by nine cents. At this same market, cow prices even rose by twelve cents. Sources at this market indicate that the market for beef carcasses is recording strong positive notes in prices, in a clear week where demand is much higher than supply. Although the national buyer is reluctant to buy due to the prices reached, we are in the dates in which this meat is most consumed and orders are increasing. Prices ...