Beef prices in Finland are rising significantly. This was reported by Zamin.uz.
Wholesale beef prices in the country have reached a historic high, increasing by nearly 25 percent over the past year. This situation is related to the rise in meat prices in the European market, a decrease in local production volume, and the export of live cattle abroad.
Meat processing companies emphasize that the shortage of cattle is intensifying across Europe. The increase in demand is explained by a growing flow of buyers from Africa, Turkey, and the Middle East.
This strengthens competition for local cattle in Finland, forcing farmers to offer higher prices. The price increase has also affected consumers.
From July to September, retail prices rose by an average of 14 percent. Currently, one kilogram of minced beef is sold for around 10–15 euros.
For this reason, some buyers have started switching to cheaper chicken meat. According to experts, if the price of beef reaches 20 euros per kilogram, demand for it may decrease significantly.
This could lead to a weakening of Finland's livestock sector and a higher likelihood that the products will be mainly directed to European markets.
