The state admits that the price of souvlaki will increase | Business

The Ministry of Economy reacted to the announcement of an upcoming increase of 10 to 15% in the retail price of souvlaki, a popular Greek fast food product including grilled pork wrapped in bread pita. 2 percent at the moment, but the situation could continue to increase due to a shortage of meat in China.

Market professionals announced last week that the traditional offer of a pork kebab in a pita bread was going to rise to 3 euros, but a ministry statement said that it is still too early to "infer any conclusion, pork prices will be pbaded on to consumer prices, but retail price data do not indicate a high degree of correlation."

According to a Rabobank International report, swine fever in China could lead to a 30% drop in pork production in the world's most populous country this year. "Meat producers around the world are selling more pork to China to cover losses from swine fever," the ministry said. "As a result, prices are rising in the United States and Europe, a trend that is expected to continue as the disease spreads rapidly throughout China, the largest producer and consumer in the world," the statement said.