Global: FAO Meat Price Index fell marginally in October

Published 2024년 11월 19일

Tridge summary

The FAO Meat Price Index experienced a slight decrease of 0.3% in October, compared to September, but remained 7.5% higher than the previous year. This increase was driven by various factors across different meat categories. Pigmeat prices saw the most significant decline due to increased slaughter in Western Europe and weak demand, both domestically and internationally. Poultrymeat prices also fell slightly, largely due to increased export supplies from major producers. Despite an increase in new-season supplies from Oceania, world sheepmeat prices remained stable, with rising global demand balancing out the increase. Conversely, international beef price quotations saw a moderate increase, fueled by stronger international purchases.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The FAO Meat Price Index averaged 120.4 points in October, slightly lower (0.3%) than the revised September value and 8.4 points (7.5%) above its level a year ago. International pigmeat prices declined the most, reflecting increased slaughter in Western Europe and weak domestic and international demand. World poultrymeat prices fell slightly, pressured by increased export supplies from major global producers. World sheepmeat prices remained broadly stable, as rising global demand offset an increase in new-season ...
Source: 3tres3

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