World: According to FAO, pork and poultry prices fell, and beef prices remained stable

Published Dec 10, 2024

Tridge summary

The FAO Meat Price Index experienced a slight decrease in November, by 0.8 percent, but remained 5.9 percent higher than the previous year. This was largely due to a drop in international prices for pigmeat, sheepmeat, and poultry. Despite this, international bovine meat prices remained stable, with an increase in Brazil offset by a decrease in Australia. Beef prices have seen a recovery since January, with a 12.76 point increase in November. However, there was a 5.7 percent decrease in slaughter figures in the first eleven months of the year, with a slight recovery in the average weight.

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

Original content

(NAP)The FAO Meat Price Index averaged 118.1 points in November, 0.9 points (0.8 percent) below the revised October value, but 6.6 points (5.9 percent) higher than a year ago. The decline was mainly due to a further decline in international pigmeat prices (-2.3 percent), accompanied also by declines in sheepmeat (-1.1 percent) and poultrymeat (-0.8 percent) quotations. Meanwhile, international bovine meat quotations remained broadly stable, however a marked increase in bovine meat prices in Brazil, driven by strong global demand, was offset by lower prices in Australia due to lower buying interest from the United States of America. After reaching a low of 113.91 points in January, beef prices in November stood at 126.67 points, which represents a recovery of 12.76 points (+11.2%), recording an increase of 8.6% year-on-year in the last twelve months. Local market On the other hand, there was a 5.7% drop in the slaughter recorded between January and November, with a slight recovery ...

Source: Noticias Agropecurias