Pig, poultry and bovine meat costs all decreased
20 September 2023
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The FAO Meat Worth Index averaged 114.6 factors in August, down 3% (3.6 factors) from July and 5.4% (6.5 factors) from its worth a 12 months in the past, in accordance the newest Meat Worth Index report from FAO.
Worldwide costs of all meat varieties fell in August, with the steepest drop registered for ovine meat, principally underpinned by a surge in export availabilities, primarily from Australia, and weaker demand from China.
Pig meat costs declined, pushed primarily by subdued import demand from main importers, in tandem with plentiful export availabilities in Europe amid restricted inner gross sales.
World poultry meat costs continued to lower in August, principally underpinned by plentiful provides, particularly from Brazil, regardless of massive purchases by a number of main importers in East Asia and the Center East.
Bovine meat costs fell reasonably attributable to ample provides of slaughter-ready cattle in a number of main producing nations and subdued import demand, particularly in North Asia.
