European Union: meat price rises expected
The European Commission predicts meat price rises of 10 to 30% in 2008.
This is mainly due to growing costs for animal production, predominantly caused
by high grain prices.
EU agricultural commissioner Mariann Fischer Boelsaid
to expect this tendency. Up until now, consumers have not really noticed any
price changes as a result of higher raw materials. That, Fischer Boel said, is a
consequence of long-term contracts in livestock production.
She is convinced that producers and trade will definitely notice
something as the consumers shall be paying a lot more. She feels that the EU
should prepare for a totally new situation to prevent too strong price rises and
also empty supermarket shelves.
Fischer Boel would like to start a
discussion about the creation of emergency supplies of certain amounts of grain
varieties and called on Russia and Ukraine not to impose restrictions on grain
Internal calculations of the
European Commission said that poultry prices in Europe will increase by 10%.
Pigmeat prices will rise a lot more, because more than only the feed prices will
be compensated. In cattle meat prices, prices will only increase 7%, the
â€¢ European Commission
For the latest pig news, subscribe here
To comment, login here
Or register to be able to comment.