Covid-19 and the milk and meat market
In each market, due to various circumstances, there are changes in the structure and volume of offered and demanded goods and services, changes in prices, etc. The agrarian market is no exception, and in 2020 development will occur the global pandemic of the COVID-19 and associated measures against the spread of the disease. According to the Food and Agriculture Organization of the United Nations, most current assessments generally assume a decline in supply and demand for agricultural products and point to possible disruptions to international trade and logistics. Total milk production has been growing in recent years, and it was no different in the first eight months of 2020. In the case of overproduction, it is also necessary to ensure sales, which can be problematic in times of pandemic due to various government restrictions. As an article on the website E15.CZ informed in the spring, “the excess of supply over demand is usually followed by a drop in prices, and is beginning to manifest itself on the Czech market. According to data from the Ministry of Agriculture, the purchase price of Czech dairies in the first eight months of 2020 fell year on year by 3.7%, and a year-on-year decline was also recorded in most EU countries. In meat production, data from the Czech Statistical Office show that the slaughter of cattle and pigs in the Czech Republic decreased slightly in the first seven months of this year.
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