Bulgaria: Retail lamb has risen in price by more than 8% in a year, and for breeders by 0.1%

Published Apr 23, 2024

Tridge summary

Retail lamb prices in Bulgaria have increased by 8.4% annually, according to the Ministry of Agriculture, with the average price per kilogram at BGN 25.27. The purchase price of live lambs, however, remained virtually the same as last year at BGN 11.11/kg. Wholesale lamb prices saw a 9.2% increase to BGN 25.93/kg. The weekly purchase price of live lambs remained unchanged, but increased by 0.1% for the month. The difference in price between Bulgarian and EU classified light lamb meat is significant, exceeding 1,040 euros per 100 kg in Bulgaria. Spain, Romania, and Greece are the leading European producers of sheep meat in 2023, with Spain raising 25% of the European sheep flocks. The main sheep meat imports in Bulgaria are from North Macedonia and Greece.

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

Original content

By 8.4%, the price of retail lamb has risen on an annual basis. The last price announced by the Ministry of Agriculture with the source SAPI is from April 10 - an average of BGN 25.27 per kilogram. At the same time, the purchase price of lambs (live weight) is BGN 11.11/kg. It is only 0.1 percent higher than last year. The biggest increase was in wholesale lamb. It costs BGN 25.93, and its annual growth is 9.2%. Lamb prices increased by both monthly and weekly baht. It should be noted that the purchase price of live lambs did not move for a week, but for the month it was increased by 0.1%. The difference between the weekly prices of classified meat from light lambs (up to 13 kg) in Bulgaria and in the EU is significant. In our country, the price exceeds 1,040 euros per 100 kg as of April 1, while the average price in the EU is around 810 euros per 100 kg. According to EC data from March 2024, only classified light lamb meat in Croatia and Hungary is more expensive than Bulgarian ...

Source: Agroplovdiv