Spain: Spanish Meat Sector Update
Link to report:
The temporary closure of hotels and restaurants in response to COVID-19 lowered domestic demand for high-end meats and slashed prices by 40 percent for meat products such as suckling piglets, sheep, goat meat, Iberico products, and high-valued beef cuts. On April 22, the European Commission approved aid to support private storage for EU dairy products, meat (sheep and beef), horticulture and wine, but not for pork. In 2020, Spanish exports of pork, beef, and live cattle and sheep may be the driver to alleviate the loss in sales to the hospitality sector. Different that other European neighbors, Spanish slaughter capacity has not been significantly impacted by the pandemic.
