Lamb prices in the EU increased by 10%

Published 2020년 12월 11일

Tridge summary

The European Commission has reported a surge in lamb prices to a high of 6.05 euros per kilogram, a 2.5% increase from the previous month and a 10.1% rise year-on-year, marking the highest price in two years. This trend is linked to Brexit's impact on the industry, with a decrease in mutton and lamb slaughter in many EU countries and the UK. Despite this, the EU's self-sufficiency in sheep and goat meat has improved to 95%, up by 1% from the previous year. Conversely, only fatty lamb prices have seen an increase, while the cost of 'light' lamb has dropped.

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

Original content

While pork in the EU is getting cheaper, lamb prices in the region are rising. According to a report by the European Commission, so far the average quotations for this type of meat have reached 6.05 euros per kilogram. This is 2.5% higher than last month and 10.1% higher than in December 2019. This is also the highest price recorded in the last two years. This situation in the European market may be a consequence of Brexit. The slaughter of mutton in most EU countries and the United Kingdom has slowed down due to the closure of food service channels. It is also a factor that provokes rising prices for lamb and lamb. However, three European producers from January to September increased the volume of sheep slaughter, compared to the first three quarters of 2019 - the Netherlands (+ 25.5%), Germany (+ 4%) and Ireland (+ 3.8%). However, it should be noted that only ...

Source: Meatinform