Global: FAO Meat Price Index - May 2024

Published Jun 12, 2024

Tridge summary

The FAO meat price index experienced a minimal change in May, with a slight decrease from April and a more significant drop from the previous year. This fluctuation was largely due to changes in prices for different types of meat. Poultry and beef prices fell due to increased export availability and decreased domestic demand, respectively. In contrast, pork and sheepmeat prices rose, largely due to recovery in demand and persistent supply shortages, particularly in Western Europe for pork, and increased global demand for sheepmeat.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The FAO meat price index reached an average of 116.6 points in May, just 0.2 points (0.2%) below the value recorded in April and 1.5 points (1.3%) below the value registered a year ago. International prices for poultry and beef fell, while those for pork and sheep rose. The decline in world poultry prices was due to increased export availability in a context of lower domestic demand in some of the main producing countries, while the slight decline in beef prices was due to weak import demand associated with abundant availability for export in Oceania. On the other hand, the monthly increase in world pork prices was due to a recovery in demand and the ...
Source: 3tres3
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