Tridge summary
The article highlights the decrease in forecasted prices for beef, pork, and chicken in Bulgaria for October, with beef and veal prices experiencing an 11% increase in August, reaching the highest level since the beginning of the year due to a rise in European market prices and limited supplies from third countries. In contrast, pork prices have remained low due to a high EU supply, while chicken prices have increased due to strong domestic demand and recovery in tourism, and are expected to remain high in the next two months.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The forecast prices for October per ton of slaughter weight of beef, pork and chicken in Bulgaria are declining compared to previous months, according to the Center for Economic Research in Agriculture (CAPA). However, future expectations are different for different types of meat. The fertilizer crisis Analysts report that beef and veal prices rose to BGN 4,635 per tonne in August, the highest price level since the beginning of the year. The increase is 11% compared to the previous month and 8% compared to a year earlier. SARA: The dynamics of the European market shows an upward price trend, which also affects the prices in Bulgaria. The reported average wholesale prices of beef and veal in the EU since April exceed both the levels of the previous year and the average for the period 2018-2020. The increase in August is 10% on an annual basis. "The reasons for the progressive growth are rooted in rising European quotations, as well as in limited supplies from third countries. The ...
Source: Agri
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