Hungary: Lamb will be more expensive during the Easter period

Published 2023년 3월 31일

Tridge summary

The Sheep Product Council has forecasted a rise in lamb prices for Easter due to a decrease in supply, attributed to postponed fall breeding because of drought and an early Easter. Domestic consumption of lamb has been on a decline, and the industry faces challenges such as fodder and labor shortages. Despite these challenges, the council anticipates that the amount of meat exported will remain stable, with Italy continuing to be the main buyer. The council is planning consumption promotion days, hoping to reach thousands of consumers in Hungary with their 3-year EU support program.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Due to the limited supply, the purchase price of lamb may increase to a lesser extent during the Easter period, the Sheep Product Council told MTI on Thursday. Domestic consumption has been declining for years The fall in supply is due to the fact that many people postponed the fall breeding due to the lack of fodder caused by the drought, and the fact that Easter is early this year also plays a role, so fewer animals were affected by this sales weight. Before the festive period, the purchase price was 5-8 percent lower than in the same period last year, they added. According to their forecast, the export of live animals may decrease from 460,000 to 440,000 this year, but the decline may be smaller in terms of meat equivalent, because the share of heavy lambs within exports is now close to 50 percent. A decade ago, the share of lightweights was almost 90 percent. The amount of meat exported will probably not change significantly, it could be 330-350 tons, like last year. The ...
Source: Trademagazin

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