Pig, poultry and bovine meat costs all lowered
20 September 2023
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The FAO Meat Worth Index averaged 114.6 issues in August, down 3% (3.6 issues) from July and 5.4% (6.5 issues) from its price a yr in the past, in accordance the newest Meat Worth Index document from FAO.
Global costs of all meat sorts fell in August, with the steepest drop registered for ovine meat, mainly underpinned via a surge in export availabilities, basically from Australia, and weaker call for from China.
Pig meat costs declined, pushed basically via subdued import call for from main importers, in tandem with considerable export availabilities in Europe amid restricted inside gross sales.
Global poultry meat costs persevered to lower in August, mainly underpinned via considerable provides, particularly from Brazil, regardless of massive purchases via a number of main importers in East Asia and the Heart East.
Bovine meat costs fell somewhat because of considerable provides of slaughter-ready farm animals in different main generating nations and subdued import call for, particularly in North Asia.