Bulgaria Sees Surge in Lamb Prices as Retail Costs Rise
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10.
Meanwhile, the purchase price of lambs based on live weight stands at BGN 11.11 per kilogram, registering a slight increase of only 0.1% compared to the previous year. Notably, wholesale lamb has experienced the most significant growth, reaching BGN 25.93 per kilogram with an annual increase of 9.2%.
Both monthly and weekly lamb prices have seen an uptick, although the purchase price of live lambs remained stagnant for a week before increasing by 0.1% over the month, as reported by Agroplovdiv.
The disparity between weekly prices of classified meat from light lambs (up to 13 kg) in Bulgaria and the EU is notable. As of April 1, prices in Bulgaria exceeded 1,040 euros per 100 kg, whereas the average EU price hovered around 810 euros per 100 kg, according to EC data from March 2024.
Interestingly, only classified light lamb meat in Croatia and Hungary surpassed Bulgarian meat in terms of price, based on slaughterhouse data.
In terms of imports, the main sources of sheep meat in Bulgaria are "third countries," with 490.4 tons imported from North Macedonia (444.3 tons) and Greece (416.3 tons) in 2023.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Time's Up: Last Call for Tax Returns in Bulgaria
As the clock ticks down to midnight tonight, Bulgarians are reminded that April 30th marks the final day for filing their 2023 personal income tax returns
Bulgaria's External Debt Reaches €44.4 Billion: National Bank Report
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
Bulgaria's Eurozone Aspirations: Fitch Ratings Affirms Positive Outlook
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
Bulgaria's Poverty Reality: One-Fifth Below the Line in 2023
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Bulgaria's Euro Adoption Likely Postponed: Entry Date Shifts to Second Half of 2025
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
65.3% of Bulgarian Workers Earn Below Subsistence Level
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify