Poultry stays essentially the most reasonably priced meat
5 August 2024
2 minute learn
Poultry meat stays the preferred and reasonably priced meat and supply of protein in Bulgaria with constant expansion in intake since 2013, in keeping with a contemporary US Division of Agriculture (USDA) International Agricultural Knowledge Community (GAIN) record. That is regardless of some fluctuations in 2020-2022 led to by way of avian influenza and the COVID-19 pandemic.
FAS/Sofia forecasts upper poultry meat intake in 2024 because of making improvements to shopper call for, each on the retail stage and within the meals provider business. Meals inflation has been beneath regulate and consistently declining for the reason that heart of 2023, whilst shopper earning have greater contributing to higher buying energy. The MinAg per 30 days information point out solid costs for frozen and chilled entire broilers at each the wholesale and retail ranges as of mid-June, with lower than a % distinction in comparison to a 12 months in the past, encouraging solid and rising intake. Those costs, on the other hand, stay considerably beneath the common EU costs.
Additionally, hen meat imports grew by way of 3.1percentwhilst exports (quantity) dropped by way of 26% within the first quarter of 2024, indicating more potent home call for. In keeping with this knowledge, broiler meat intake is anticipated to develop in 2024 with a doubtlessly more potent price than in 2023. Recently, the MinAg does no longer observe intake and/or costs of duck meat and there’s no reputable information about it. Bulgarian imports of duck meat are very small, whilst exports declined within the first quarter of 2024, indicating somewhat rising native gross sales.