FAO Meat Value Index fell 3.5% in 2023
10 January 2024
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The FAO Meat Value Index averaged 110.4 issues in December, down 1.1 issues (1%) from November, status 2.0 issues (1.8%) under its corresponding price 12 months in the past, in line with a up to date marketplace file from the Meals and Agriculture Organisation of the United Countries (FAO).
In December, global pig meat costs fell, underpinned by means of the chronic vulnerable import call for from Asia, in spite of an upturn in seasonal inner gross sales in some exporting nations.
In the meantime, bovine and poultry meat costs additionally fell, reflecting much less lively purchasing pastime in Asia, coupled with abundant exportable provides in massive generating areas.
In contrast, ovine meat costs rebounded following two months of consecutive drops because of more potent call for forward of vacations and a decline in slaughter provides in Oceania as fresh rains eased drive for offloading animals for slaughter.
In 2023 as an entire, the FAO Meat Value Index averaged 114.6 issues, down 4.2 issues (3.5%) from 2022, because of larger export availabilities from main exporting areas amid subdued import call for by means of key meat-importing nations reflecting declines in annual moderate values for bovine, poultry and ovine meats, partly compensated by means of an building up in moderate pig meat costs.