Meat prices rose in the EU, except for poultry

By: Trademagazin Date: 2024. 04. 05. 12:01

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In February 2024, meat prices in the European Union generally rose compared to the previous year, with the exception of poultry meat, which became cheaper by 1.6 percent. The biggest increase in prices occurred in the case of pork, the price of which rose by 5.7 percent. This was followed by the price increase of lamb and goat meat (4.5 percent) and beef and veal (3 percent). The annual inflation rate of meat showed a varied picture in the last three years, but the highest rate was registered in February 2023, when the price was 17.3 percent higher than in the same period of the previous year.

However, according to the announcement of the Agricultural Economy Institute in January, the processing sales prices of fresh chicken fell between 10 and 25 percent, the price of slaughter chicken became cheaper by more than 20 percent, the price of slaughter cattle fell by almost 24 percent, while the retail price of raw pork rose by about 10 percent.

Examining the development of EU prices, the situation was worst in Bulgaria, Romania and Croatia, while meat prices fell in the Czech Republic, Finland and Denmark. The largest increase was registered in Bulgaria (8.2 percent), while the largest decrease was observed in Denmark (0.6 percent).