According to data from the World Bank, the price of beef has reached a record high for the first time in the last sixty-five years. This was reported by Zamin.uz.
Currently, the price set by producers is $6.9 per kilogram. Experts emphasize that several key factors have contributed to this situation.
Among them are the global increase in inflation rates, the long and complex process of cattle breeding, a sharp rise in meat consumption in the US and China, price increases in the dairy products market, as well as drought and reduction of pasture lands due to climate change, and the rising cost of feed, which are considered the main reasons. The report states that although the US is one of the world's largest beef producers, the number of cattle has dropped to its lowest level since 1951 due to environmental problems.
Additionally, meat prices are rising in many countries of the European Union. In the Chinese market, the prices of pork and other types of meat have also increased significantly along with beef.
In leading exporting countries such as Australia, Brazil, and Argentina, an increase in beef prices and production costs is also observed. According to experts, if climate change and economic pressures continue, beef prices may rise further in the coming years.
This situation indicates a possibility of higher costs for consumers. Therefore, it is important to closely monitor the beef market situation and take necessary measures.
