Bulgaria: The price of beef and veal reached BGN 5.22 / kg of carcass weight

Published Feb 7, 2022

Tridge summary

Beef and veal prices in Bulgaria are expected to increase by 22% in the next two months due to rising production costs, reflecting trends in the European market. While pork prices in the EU are slightly higher than last year, they remain below the average of the last five years. Chicken meat prices in Bulgaria are projected to remain stable. The global meat market saw price increases in 2021, with the biggest increase in sheep and lamb. China's ban on pork imports from Italy due to African Swine Fever is expected to affect the European market.

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

Original content

The expectations for the next two months are that the prices of beef and veal will be about 22% above the average for the last three years. The reason is the increased cost of production, say analysts from the Center for Agricultural Economic Research (CAPA). Vote: Do you agree with the sharp rise in the insurance threshold? In December last year, the price of beef and veal rose to BGN 5.22 / kg carcass weight, which is 12.2% above the level of the previous month and 37.6% more than a year earlier. Although belated, it reflects the significant rise in European market prices and rising costs. According to official data, beef and veal produced in slaughterhouses amounted to 5.4 thousand tons by October. SARA estimates that the total industrial production for 2021 will be about 6.7 thousand tons, an increase of 7.2% on an annual basis. The wholesale prices of pork in the EU since the beginning of January are about 1.5% higher than last year, but significantly below the average for ...

Source: Agri