WITH limited or negative real wages growth expected in 2024, coupled with the higher cost environment, Rabobank expects global beef consumption will at best remain steady and possibly decline through 2024, with some notable regional variations.
In its recently-released Q1 Global Beef Quarterly report, the agribusiness banking specialist says beef is generally considered a premium protein with a high price point – even though a large part of the carcass is sold as ground beef, a lower price point commodity – and sales are often expected to suffer when economic conditions put pressures…
