Pig, poultry and bovine meat costs all diminished
20 September 2023
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The FAO Meat Value Index averaged 114.6 issues in August, down 3% (3.6 issues) from July and 5.4% (6.5 issues) from its worth a 12 months in the past, in accordance the newest Meat Value Index record from FAO.
Global costs of all meat varieties 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 considerable export availabilities in Europe amid restricted inside gross sales.
Global poultry meat costs endured to lower in August, basically underpinned through considerable provides, particularly from Brazil, in spite of massive purchases through a number of main importers in East Asia and the Center East.
Bovine meat costs fell rather because of abundant provides of slaughter-ready farm animals in different main generating nations and subdued import call for, particularly in North Asia.