Americans face beef shortage

The beef shortage in the United States has intensified. The average price per pound (approximately 450 grams) of ground beef has risen from $3.90 in January 2020 to $5.60 at present. The primary cause is limited supply, while American demand for steaks and hamburgers remains unchanged.

Import does not solve the problem

Imports have partially offset the shortage, but this measure has proved temporary. New tariffs on agricultural products introduced by the Donald Trump administration will take effect from 2 April. This is expected to lead to a further increase in prices and worsen the situation for farmers and restaurateurs.

Impact on the market

Experts predict that the rise in beef prices will hit the fast food and restaurant industries, as well as affect the wallets of ordinary consumers.