According to the World Bank, the price of beef has reached its highest level in the past sixty-five years. Currently, the producer price stands at 6.9 dollars per kilogram.
Experts emphasize that several key factors have contributed to this situation:
- the global rise in inflation levels,
- the long production cycle of cattle breeding,
- a sharp increase in meat consumption in the United States and China,
- rising prices in the dairy products market,
- drought and reduction of pasture lands due to climate change, as well as higher feed costs.
The report notes that the United States — one of the world’s largest beef producers — now has the lowest cattle numbers since 1951 due to environmental problems.
At the same time, many European Union countries are also witnessing an increase in meat prices. In the Chinese market, not only beef but also pork and other types of meat products have become significantly more expensive.
Leading exporting countries such as Australia, Brazil, and Argentina are also facing rising beef prices and increased production costs.
Experts believe that if climate and economic pressures continue, beef prices may rise even further in the coming years.
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