EU: 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 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.
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.
To comment, login here
Or register to be able to comment.