The FAO Meat Value Index averaged 112.4 issues in February, up by means of 2.0 issues (1.8%) from January, reversing the seven months of consecutive drops, and status 0.9 issues (0.8 %) underneath its corresponding price a yr in the past.
World value quotations for poultry meat rose essentially the most, adopted by means of bovine meat, underpinned principally by means of a upward thrust in call for from main uploading international locations. The upward push in bovine meat costs used to be because of lower-than-anticipated provide from Australia, as heavy rains disrupted farm animals transportation from main manufacturer areas. In the meantime, pig meat costs greater rather because of upper call for from China, along with upper inner call for in Western Europe amidst a lingering tight provide scenario. In contrast, global ovine meat costs declined because of a slowdown within the tempo of imports by means of China and a record-breaking manufacturing following flock rebuilding in Australia.
March 8, 2024/ FAO.
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