Wholesale beef prices continue to rise in India
Beef prices lower than pork, mutton and chickenThe 2024 domestic wholesale price of beef and carabeef in India continues to rise, yet remains lower than pork, mutton, and fish, according to a recent US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report.
Price movement is influenced by overall inflation in the economy and seasonality – both weather/climate change, and religious festivities.
Overall prices of livestock commodities are rising due to increasing cost of production. Such cost encompasses labour, fuel, and most critically feed and fodder Indian carabeef export prices are on a steady rise on account of the appreciating cost of production and increasing cost of freight.