Beef and poultry competing

Agricultural Business Research Institute (AKI) continuously monitors and publishes trends in the world markets of poultry and meat. Data from the Market and Price Information system (PÁIR) can be useful for making even short-term business decisions. One of their recent reports says that the cattle stock in the EU was 1,1 per cent less than a year earlier. As the price of pork is expected to decline, this will translate into more intense competition for beef. Beef and veal consumption is expected by EU experts to show some decline till the end of 2008. Another publication deals with the Slovakian poultry business. Slovakia is a net importer of poultry. Slovakian domestic production was 117,000 tons in 2006. Imports totalled 33,000 tons, 98 per cent of which came from the EU. Slovakian exports totalled 15,000 tons in 2006. 95 per cent of this went to the EU. Slovakian consumption of poultry grows faster than domestic production, which means that a potentially promising opportunity for Hungarian exporters may arise as a result of the decline in Czech production.