Global meat consumption to rise by 11% over next decade
19/07/2012
Reasons for the increase in prices include more expensive animal feed, as well as rises in the cost of energy and transportation.
Over the ten-year period, the report suggests beef prices are likely to increase by 11%.
It goes on to say that growth rates for meat consumption are higher than for most of the rest of the agricultural sector. The projection is that between now and 2021, per capita consumption of meat will increase by 3.2 kilos per year. In developing economies, the figure will be 3.6 kilos. Chicken will account for most of this increase, but in some parts of the world, notably eastern Europe, the prospects for growth in consumption of red meat are strong.
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