International

Beef prices to decline in short-term

Beef

High production figures in countries such as Argentina, Brazil and the US will have an impact on prices.

Posted on Jul 20 ,10:15

Beef prices to decline in short-term

Over the next couple of years, beef prices are to drop, say a recent OECD -FAO report. An increase in production will put pressure on prices, cattle herds in Argentina, Brazil or the US manifesting a rapid increase in herd size in recent years, said the analysts. For the following 10 years, a total increase in production of 7% is expected, although the most accelerated pace of growth is to be seen in short-term, due to ample beef supplies in the countries mentioned above.
About 80% of the growth is expected to come from developing countries, which will increase their share of output by a couple of percentage points, reaching 58% by the end of the 10-years period.

Consumption growth will continue as populations and incomes grow in developing countries; per capita beef consumption in Asia is expected to increase by 3%, although it will remain well below developed countries. Per capita beef consumption is set to decline overall, with pork and poultry increasingly favoured in countries where beef consumption is currently high.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

GRILLFEST, the biggest barbecue festival in Europe takes place in Romania

GRILLFEST, the biggest barbecue festival in Europe, is revolutionizing the barbecue culture in Ro...


Read more Read more
WALES

HCC’s campaign reaps major results

Featuring the authentic voices of the Welsh farming community, the ‘Uniquely Welsh. Experts...


Read more Read more
GERMANY

Vion strengthens demand-driven chain concept Good Farming Balance for the future

Ever since Vion introduced Good Farming Star in 2010, the company has been at the forefront of bu...


Read more Read more
Websolutions by Angular Software and SpiderClass