Economic slowdown to hit beef demand: Rabobank
World beef production will remain stable at the end of this year and the beginning of the next, although with variations for the key markets in the southern and northern hemispheres. This was pointed out by Rabobank analysts who anticipated that total production will grow by 1.4% and trade will strengthen thanks to the strength of the dollar.
However, and according to the bank’s estimates for the end of this year, the global beef industry could be negatively affected by the economic slowdown , resulting in a contraction in demand.
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