Beef prices in Finland have reached a historic high. Over the past year, the wholesale price of beef has increased by about 25 percent. This was reported by the Azertadj publication.
Experts emphasize that several factors contributed to the sharp rise in prices. In particular, the situation was further complicated by increased demand for beef in the European market, a decrease in domestic production in Finland, and the export of live cattle abroad.
Meat processing companies note a shortage of cattle across Europe. Demand is much higher than supply, and buyers from Africa, Turkey, and the Middle East are offering a higher price for Finnish cattle. Therefore, local processors are forced to pay the same prices as exporters to keep cattle in the country.
The rise in prices gradually began to affect consumers' wallets. In July-September, retail prices for beef increased by almost 14%. Currently, one kilogram of minced beef is sold for 10 to 15 euros. As a result, some buyers started switching to cheaper chicken.
According to surveys, if the price of beef reaches 20 euros per kilogram, the demand for it may decrease sharply.
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