Tridge summary
The global meat market has experienced significant fluctuations over the past year, marked by a 3.3% increase in meat prices within the European Union, notably with pork prices leading the surge. Concurrently, Australia has seen a 58% boost in beef exports to the United States, attributed to a decrease in US domestic production. In contrast, São Paulo reported a near 10% drop in cattle prices, impacting local supply chains, whereas Uruguay experienced a 17% decline in poultry slaughter but an uptick in cattle slaughter during the first quarter. Additionally, Bolivia celebrated a milestone, reaching USD 200 million in beef exports, thanks to concerted efforts in health measures and disease prevention. These developments underscore the complex and evolving dynamics of the global meat market, driven by shifts in production, export demands, and stringent health standards.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The price of meat in the European Union rose 3.3% in the last year, in Australia beef exports to the United States increased by 58% in March, while in São Paulo cattle prices accumulated a drop of 10 % in the year and in Uruguay, poultry slaughter fell 17% in the first quarter. According to Eurostat data, published by the Eurocarne portal, between February 2023 and February 2024, the price of meat in the European Union (EU) has increased by 3.3%. Pork registered the greatest increase, 5.7%, ahead of lamb and goat meat (+4.5%), beef (+3%) while poultry, on the contrary, registered a decrease of 1.6% compared to February 2023. According to data published by MLA Australia, in March the country exported 106,574 tonnes of beef, 8% more than last year. The most notable increase was exports to the United States, which increased 58% year-on-year to 29,346 tonnes. Domestic beef production in the United States continues to decline, which is reducing cold storage availability and increasing ...
Source: Defrentealcampo
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