Bulgaria: Less pork, beef, and lamb, only chicken so far no decline

Published Mar 21, 2023

Tridge summary

Bulgaria is experiencing a significant decrease in the number of pigs, leading to a predicted drop in pork production by 26% to 511.6 thousand animals by the end of 2022. This situation is anticipated to keep wholesale pork prices high due to contracted domestic supply, reduced EU production, weaker imports, and inflation. Similarly, the country's beef and veal production is expected to decline due to decreasing livestock numbers, driving prices up. Sheep and lamb production is also predicted to decrease, while chicken meat production is expected to remain stable despite concerns of potential large exports to the European market, which could drive down prices.

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

Original content

A drastic decrease in the number of pigs by 26% by the end of 2022 to 511.6 thousand animals, according to the preliminary data of the Ministry of Agriculture, cited by the Center for Economic Analysis of Agriculture (CAPA). Vote: Do you expect difficulties applying to Campaign 2023 for direct payments? This situation will affect the production, as according to SARA estimates, it may decrease to 72 thousand tons. According to the Center's experts, the contracted domestic supply, the expected drop in production in the EU, weaker imports, and inflationary processes will keep the average annual wholesale prices high, around BGN 4.70/ton carcass weight. Since the beginning of February, prices per ton of slaughter weight for pork in the EU have been steadily increasing. The increase compared to the previous month is 9%, and compared to the same period of 2022 - by 64%. The increase is due to the increased demand with a decrease in the offered quantities. In the production of beef and ...

Source: Agri