The FAO Meat Worth Index averaged 114.6 issues in August, down 3.6 issues (3.0 p.c) from July and six.5 issues (5.4 p.c) from its price a yr in the past. Global costs of all meat sorts fell in August, with the steepest drop registered for ovine meat, basically underpinned through a surge in export availabilities, basically from Australia, and weaker call for from China. Pig meat costs declined, pushed basically through subdued import call for from main importers, in tandem with plentiful export availabilities in Europe amid restricted inner gross sales. Global poultry meat costs endured to lower in August, basically underpinned through plentiful provides, particularly from Brazil, regardless of huge purchases through a number of main importers in East Asia and the Heart East. Bovine meat costs fell slightly because of plentiful provides of slaughter-ready farm animals in numerous main generating nations and subdued import call for, particularly in North Asia.
September 8, 2023/ FAO.
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