European Union: meat price rises expected

20-09-2007 | |

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 Boel said 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.

Paying more
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 trade
whatsoever.

Calculations
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
calculations said.

Related website:
European Commission

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