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    Home > Food News > Food Articles > Costa Rica beef prices rise more than 2% in April from March

    Costa Rica beef prices rise more than 2% in April from March

    • Last Update: 2022-05-10
    • Source: Internet
    • Author: User
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    According to data recently released by Costa Rica's National Statistics and Census Institute (INEC) and the National Animal Husbandry Corporation (Corfoga), beef prices in April this year increased by 2.
    03% month-on-month
    .
     
    Costa Rica's "Nation" reported on April 15 that the factors affecting the price increase include the increase in the availability of beef, according to an analysis by Jorge Segura, coordinator of the National Livestock Program of the Costa Rican Ministry of Agriculture and Livestock (MAG).
    Decrease (fewer calf births and lower beef imports) and increased market demand
    .
     
    Some analysts believe that the large-scale export of beef has had an impact on Costa Rica's domestic beef prices
    .
    Taking China as an example, data from the Foreign Trade Promotion Agency (Procomer) show that Costa Rica’s beef exports to China will increase from US$59.
    4 million in 2020 to US$91.
    6 million in 2021, and the export volume will increase from 16,355 tons to 20,290 tons
    .
     
    The increase in exports has coincided with a decrease in the herd size
    .
    INEC statistics show that the number of beef cattle in Costa Rica dropped from about 1.
    024 million in 2019 to 894,000 in 2020
    .
     
      Since 2019, cows have produced fewer births than bulls, resulting in fewer calf births
    .
    For example, in 2019, 119,300 cows and 121,100 bulls were born; in 2020, 103,600 cows and 105,400 bulls were born
    .
     
      Leonardo Murillo, head of research and communications at Corfoganardo Murillo) said the reduction in calf births in 2020 affected the number of adults in 2022, with supply shortages driving prices up
    .
     
      In addition, some cows are slaughtered for sale during pregnancy, which limits the increase in the number of beef cattle
    .
    According to Campos, some beef farmers, especially small ones, don't know if the cows they sell are pregnant
    .
    About 140,000 pregnant cows are slaughtered every year in Costa Rica, said Luis?ngel Alfaro, president of the Costa Rican Livestock Auction Association
    .
    Livestock beef prices
     
      Costa Rica's "Nation" reported on April 15 that the factors affecting the price increase include the increase in the availability of beef, according to an analysis by Jorge Segura, coordinator of the National Livestock Program of the Costa Rican Ministry of Agriculture and Livestock (MAG).
    Decrease (fewer calf births and lower beef imports) and increased market demand
    .
     
      Some analysts believe that the large-scale export of beef has had an impact on Costa Rica's domestic beef prices
    .
    Taking China as an example, data from the Foreign Trade Promotion Agency (Procomer) show that Costa Rica’s beef exports to China will increase from US$59.
    4 million in 2020 to US$91.
    6 million in 2021, and the export volume will increase from 16,355 tons to 20,290 tons
    .
     
      The increase in exports has coincided with a decrease in the herd size
    .
    INEC statistics show that the number of beef cattle in Costa Rica dropped from about 1.
    024 million in 2019 to 894,000 in 2020
    .
     
      Since 2019, cows have produced fewer births than bulls, resulting in fewer calf births
    .
    For example, in 2019, 119,300 cows and 121,100 bulls were born; in 2020, 103,600 cows and 105,400 bulls were born
    .
     
      Leonardo Murillo, head of research and communications at Corfoganardo Murillo) said the reduction in calf births in 2020 affected the number of adults in 2022, with supply shortages driving prices up
    .
     
      In addition, some cows are slaughtered for sale during pregnancy, which limits the increase in the number of beef cattle
    .
    According to Campos, some beef farmers, especially small ones, don't know if the cows they sell are pregnant
    .
    About 140,000 pregnant cows are slaughtered every year in Costa Rica, said Luis?ngel Alfaro, president of the Costa Rican Livestock Auction Association
    .
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