Eid Meat Prices Drop Amid Global Slowdown

The Secretary General of the Lebanese Sheep Importers and Traders Union announced that the meat market is experiencing a decline due to the drop in global prices. Live animal imports have decreased by 30-40% in the first half of the year, while imports of refrigerated and frozen meats have increased by 10-15%. The local market has been affected by the destruction of key areas and a decline in demand caused by the difficult economic conditions and population displacements. Although European meat prices had fallen from around $20 to $15-17, this reflects the impact on Lebanese markets, and it is expected that the decline will continue to ease the burden on consumers.

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