The FAO Meat Worth Index averaged 111.8 issues in November, down marginally (0.4%) from October, reflecting minor drops within the costs of poultry, pig, and bovine meats. At this degree, the index worth stood 2.8 issues (2.4%) underneath its corresponding worth 12 months in the past.
The drop in world poultry meat costs mirrored increased provides, principally from Brazil, however the demanding situations to manufacturing stemming from avian influenza outbreaks throughout many nations. Pig meat costs have been down because of continual sluggishness in import call for in Asian markets and considerable exportable availabilities in some exporters, regardless of a surge in inside gross sales in Europe forward of the iciness vacations. In the meantime, considerable exportable provides from Brazil and Oceania weighed on international bovine meat costs. Against this, ovine meat costs rose moderately, most commonly reflecting the have an effect on of foreign money actions.
December 11, 2023/ FAO.
https://www.fao.org/