Meat production in the European Union will drop this year

Published 2022년 11월 1일

Tridge summary

The European Union's agricultural production has been negatively impacted by the fallout from the Russian-Ukraine conflict, escalating energy and raw material costs, food inflation, and one of the highest summer temperatures recorded, leading to crop damage and animal stress. The European Commission predicts a decline in beef, pork, and poultry production by 0.6%, 5%, and 0.9%, respectively, in 2022, largely due to high input costs and weather conditions. High prices are also expected to decrease EU exports of these products by 1%, 17%, and 2.2% for beef, pork, and poultry, respectively. The poultry sector, in particular, is expected to face challenges due to high EU prices favoring competitors like Brazil. Sheep meat exports are projected to decrease by 3% in 2022 and stabilize at a lower level in 2023, attributed to a tight domestic supply and ongoing trade issues with the UK.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The agricultural production of the European Union has been affected by the consequences of the Russian war in Ukraine, the increase in energy prices, as well as the costs of raw materials and food inflation. According to the outlook report of the European Commission, quoted by the portal eurocarne.com, in addition to geopolitical instability, the EU recorded one of the hottest summers in history, which significantly affected summer crops, such as corn , soybean and sunflower. Weather conditions have also been difficult for farmers and animals suffering from heat stress and less feed. The report adds that ranchers are among the hardest hit by record energy and input costs. Despite the high prices of beef, pork and poultry, these difficult conditions limit production in these three sectors. In 2022, EU beef production will decline by 0.6%, pork by 5% and poultry by 0.9%. High prices also weigh on EU exports of these products, with declines expected of 1%, 17% and 2.2% in 2022 for ...
Source: MXContexto

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.