There are good months ahead for the price of beef and veal in Bulgaria

Published 2021년 4월 9일

Tridge summary

In February, Bulgaria experienced a slight increase in the wholesale price of beef and veal, while pork prices continued a downward trend of the previous half of 2020 despite an anticipated rise in the European market. Chicken meat prices saw a significant increase in February but remained below last year's levels. The Center for Agricultural Economic Research (CAPA) anticipates further increases in beef, pork, and chicken prices due to rising feed and European market prices. The European Commission forecasts a 1% decrease in beef and veal consumption in the EU for 2021, with pork consumption expected to rise due to increased domestic supply, while meat production is predicted to see a reduction in pork, beef, and sheep and lamb, with a expected increase in chicken meat production.

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

Original content

The wholesale price of beef and veal in February rose to BGN 4.36 / kg carcass weight, which is slightly more than a year earlier. Given the rising prices on the European market since the beginning of the previous month and the significant rise in feed prices, price levels are expected to rise in the coming months, say analysts from the Center for Agricultural Economic Research (CAPA). SFA allocates BGN 1 million for the sale of Bulgarian lamb in slaughterhouses Regarding pork, preliminary data on the activity of slaughterhouses show that in 2020 64.3 thousand tons were produced in industrial conditions, which is a decrease of 19% on an annual basis. Despite the shrinking production, wholesale prices have been moving down since the second half of last year. In February, the price of pork was set at BGN 3.40 / kg of slaughter weight, which is 0.6% above the level of the previous month, but 17% below last year's level. Prices are expected to increase by about 4-5% over the next two ...

Source: Agri