Meat prices have risen again in the EU

Published 2024년 4월 8일

Tridge summary

In February 2024, the European Union witnessed a significant increase in meat prices, with pork leading the surge at 5.7% higher than the previous year, according to Eurostat. Overall, meat prices rose by 3.3%, with variations observed across different meat types and EU countries. The most substantial price hikes were recorded in Bulgaria, Romania, and Croatia, whereas the Czech Republic, Finland, and Denmark saw decreases. Factors such as elevated production costs, shifts in supply and demand, and broader economic conditions like inflation and exchange rate changes are believed to be driving these price increases. This has led to recommendations for consumers to explore alternative protein sources as a strategy to cope with rising food expenses.

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

Original content

In recent years, the European Union has experienced an increase in meat prices, especially for pork. According to the European statistical office Eurostat, meat prices in the European Union rose by 3.3% in February 2024 compared to February 2023. The highest price increase, namely 5.7%, was recorded for pork. Lamb and goat meat also rose in price by 4.6%, while beef and veal went up by 3%. However, the cost of poultry meat decreased by 1.6% compared to last year. It is interesting to note that meat prices varied across EU countries. Bulgaria ranked first in price increases, with an 8.2% year-on-year increase. It was followed by Romania with 7.7% and Croatia with 7.1%. In Belgium, meat prices rose by 4.8% and in Germany by 2.9%. However, the Czech Republic, Finland and Denmark saw meat prices fall: by 5.1%, 2.2% and 0.6% respectively. The reasons for the increase in meat prices in the EU can be varied. One of them may be an increase in production costs, including the rising cost of ...

Source: UkrAgroConsult