EU: The producer price of lamb rose by 16-18 percent

Published 2024년 3월 27일

Tridge summary

In 2023, the European Union witnessed a 3.7 percent increase in imports of sheep and goat products, totaling 170,000 tons, with the UK and New Zealand being the primary suppliers. The global market for these products remained stable at 102.3 thousand tons, with the UK, Jordan, and Saudi Arabia as the top markets. Within the EU, lamb prices experienced a seasonal increase, with light and heavy lamb prices rising by 7 percent and 4.5 percent, respectively. Hungary reported a 2.5 percent growth in live lamb exports, mainly to Italy, and an 84 percent surge in imports. Additionally, Hungary saw significant rises in producer prices for both light and heavy lamb during the first eleven months of 2024.

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

Original content

According to data from the European Commission, the European Union's sheep and goat imports (live animals and meat) were 170,000 tons in 2023, which represents a 3.7 percent increase compared to the previous year. The largest supplier was the United Kingdom and New Zealand with a share of 94 percent. (Photo: Pixabay) The amount of sheep and goat meat and live animals sold on the international market (102.3 thousand tons) did not change significantly in 2023. The largest target markets were the United Kingdom (18 percent), Jordan (18 percent share), and Saudi Arabia (16 percent). In the European Union, the price of lamb developed in accordance with seasonal effects in the first eleven weeks of the year. The price of light lamb was 7 percent higher and the price of heavy lamb was 4.5 percent higher compared to the same period of the previous year. The number of ewes did not change significantly, there were 694 thousand individuals in the same comparison. The volume of Hungary's live ...

Source: Trademagazin