The president of French farmers union the FNSEA has announced the lifting of the blockades of around 20 slaughterhouses, following an agreement with meat processing firms and retailers on increasing beef prices yesterday evening.
The blockades began last Sunday with slaughterhouses across France representing the equivalent of more than one half of the country's beef processing capacity, affected.
Go deeper with GlobalData
Speaking on Europe 1 radio, FNSEA president Xavier Beulin said an agreement had been reached that would allow beef farmers "to cover their costs and earn a living."
This made provision for prices to rise from the current range of EUR3 to EUR3.40 per kilo to EUR4 per kilo, "levels we were seeing around two years ago", Beulin said.
His comments were echoed by the president of beef farmers trade body, the FNB, Jean-Pierre Fleury, who said processors and retailers had agreed to an increase in prices from today, with a hike of EUR0.05 per kilo.
The same level of increase would be applied each week over the coming weeks until the cost price threshold was attained.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData"The blockades have been lifted but we'll be keeping a watchful eye that processors and retailers respect the commitments they have made in this agreement," he warned.
