World pig meat prices up in December

Published 2023년 1월 11일

Tridge summary

The FAO Meat Price Index experienced its sixth consecutive monthly drop in December, falling 1.2% to 113.8 points, despite being 2.5% higher than the previous year. This decrease was primarily due to lower global prices of bovine and poultry meats, though pig and ovine meat prices rose. The decline in bovine meat prices was due to increased supply and decreased demand, while poultry prices dropped despite avian influenza outbreaks due to ample export availability. Meanwhile, pig meat prices rose due to strong internal demand, and ovine prices increased due to currency fluctuations. The 2022 average for the index was 118.9 points, marking the highest annual average since 1990.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The FAO Meat Price Index averaged 113.8 points in December, down 1.4 points (1.2%) from November, marking the sixth consecutive monthly decline, but remained 2.8 points (2.5%) above its year-earlier level. The decrease in the index in December was driven by lower world prices of bovine and poultry meats, partially counterbalanced by higher pig and ovine meat prices. International prices of bovine meat fell, pressured by a higher supply of slaughter cattle in several large producing countries and lacklustre global demand for medium-term supplies. Meanwhile, poultry meat prices declined, as export availability were more than adequate to meet import demand for spot supplies, despite production setbacks due to intensified avian influenza outbreaks. By contrast, world pig meat prices increased, underpinned by solid, pre-Christmas internal ...

Source: Pig 333