The FAO Meat Worth Index averaged 114.2 issues in September, down 1.2 issues (1.0%) from August, marking the 3rd consecutive per month decline, and six.1 issues (5.0% from its price a yr in the past.
Global pig meat costs fell, underpinned by way of vulnerable import call for from main uploading international locations, particularly China, and considerable world export availabilities. International poultry meat costs additionally dropped, reflecting plentiful provides in main world providers, particularly Brazil. Ovine meat costs declined for the 5th immediately month, albeit at a slower tempo, pushed by way of top provides from Australia, in spite of secure call for from China and the Heart East. In contrast, robust import call for for lean bovine meat, particularly in the US of The us, resulted in a rebound in world bovine meat costs, however top export provides from Brazil and Australia.
October 6, 2023/ FAO.
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