Five EU countries are calling for support for veal and beef

Published 2020년 10월 19일

Tridge summary

Spain, backed by France, Croatia, Hungary, and Latvia, is urging the European Commission to provide more support to the beef and veal sectors. The countries believe that the hospitality industry's restrictions and closures have led to falling prices for these sectors, which can't be offset by increased household consumption. Despite previous private storage measures for beef, prices have continued to decline. The average price for EU beef is now 1.5% lower than last year, and the veal sector is experiencing even more significant drops. The countries have suggested that private storage of chilled beef has been a positive measure for market stabilization but are calling for more measures to address the challenging market conditions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Spain has put the topic on the agenda with the support of France, Croatia, Hungary and Latvia. The countries consider additional support for these sectors necessary because they are highly dependent on the hospitality industry. Once again, the catering industry has to deal with restrictions or the catering industry is even completely closed. As a result, the sectors see the prices of their products fall. The countries point out that private storage of chilled beef had a positive effect on the market this year, stabilizing prices. They call on the European Commission to come up with measures that alleviate the difficult market conditions for the beef and veal sector. Falling prices According to the five EU countries, increased consumption by households cannot offset the loss in the commercial segments. Prices have been on a downward trend since mid-August, despite the previous private storage measures for beef. The average price for beef in the EU is 1.5 percent below last year and ...
Source: Nieuwe Oogst

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