César Lumbreras' proclamation: Prices of beef, sheep, Iberian pork and white grapes are rising, while red wine is falling in Spain

Published Sep 15, 2024

Tridge summary

Spain is experiencing a significant increase in meat prices due to a decrease in livestock numbers and a rise in demand, with prices reaching historic highs for Iberian pork, beef, sheep, and chicken. This situation is expected to persist until livestock numbers can recover, potentially leading to a decrease in meat consumption. In contrast, the red wine sector is facing falling consumption, leading to a drop in red grape prices, while white wine consumption is driving up grape prices. Agricultural organizations are calling on authorities to address these issues and comply with the Food Chain Law.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pay attention to what follows: meat consumption has skyrocketed. The prices of Iberian pork, beef and sheep in Spain are at historic levels; white pig prices are also high, as are chicken prices. This situation will be passed on to consumers, as has already been noted in the CPI for August in the case of lamb meat. Why has this situation come about? Well, the reasons are different depending on each of the sectors, but the reality is that, between the reduction in livestock numbers and the increase in demand, due to the pull of either domestic consumption of Iberian pigs or exports of beef and sheep, animal prices have skyrocketed. As livestock numbers do not recover overnight, especially for bovine animals, there are still months of sky-high prices, barring an unexpected event. Logically, the above should lead to a decrease in meat consumption. And this is precisely what is recommended in the document with the conclusions of the Strategic Dialogue on the CAP of the future ...
Source: Agropopular
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