Ukraine: All major meats, except mutton and lamb, have become cheaper on the world market

Published 2020년 11월 9일

Tridge summary

The Food and Agriculture Organization of the United Nations (FAO) has reported a decrease in global meat prices in October, except for lamb, as compared to the previous month and year. This decline is attributed to falling pork and beef prices, primarily due to reduced demand and import restrictions in key markets like China and the United States, respectively. Pork prices are also under pressure from the ongoing impact of China's restrictions on German quotations. Beef prices are experiencing a downward trend, despite a drop in supplies from Australia, due to weak demand in the United States and increased exports from South America. Poultry prices have also seen a slight decline due to reduced orders from China and Saudi Arabia. However, sheep meat prices have risen, driven by stable demand and limited export deliveries, especially from Australia.

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

Original content

According to the FAO Meat Price Index, which is updated monthly by the Food and Agriculture Organization of the United Nations, all major meats, except lamb and lamb, fell in price on the world market in October. The average index was 90.7 points, which is 0.5 points or almost 0.5% less than in September, and 10.9 points (10.7%) lower than in October last year. Pork prices continued to fall as the fall in German quotations due to the constant impact of import restrictions imposed by China outweighed the increase in Brazilian pork prices. Meanwhile, beef prices have been declining due to weak demand in the United States, along with rising exports from South America. Although supplies from Australia declined due to rising demand for livestock to restore the country's cattle, this did not ...

Source: Infoindustria