FAO: Another record in the Meat Price Index in September

The FAO Meat Price Index reached an average of 127.8 points in September, an increase of 0.9 points (0.7%) from the revised level of August and 7.9 points (6.6%) from the previous year, reaching a new high. Beef prices hit a record high, driven by strong demand in the United States of America, where limited domestic supply and a favorable price differential continued to encourage imports, especially from Australia, where prices rose. Brazilian beef prices also increased, supported by strong global demand, offsetting reduced access to the United States of America after the imposition of higher tariffs. Global mutton quotations emerged due to solid global import demand due to limited export availability from Oceania. Pork prices were stable, with strong demand for Brazilian pork in alternative markets compensating for reduced purchases from China. In the European Union, the ...