Tridge summary
The FAO Meat Price Index experienced a slight increase in September, reaching 119.6 points, a 0.4% rise from August and a 4.8% increase compared to the previous year. This upward trend is largely attributed to a surge in poultry meat prices, largely due to increased demand for Brazilian poultry meat. Despite this, prices for bovine and pig meat remained stable, with supplies sufficiently meeting global demand. However, ovine meat prices saw a slight decline, primarily due to reduced import demand from China.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The FAO Meat Price Index averaged 119.6 points in September, up 0.4 points (0.4%) from August and 5.5 points (4.8%) higher than its value a year ago. The rise in the index was driven by higher poultry meat prices, primarily reflecting strong import demand for Brazilian poultry meat following the easing of trade restrictions related to the Newcastle disease. Meanwhile, international bovine meat prices remained stable, as limited supplies from leading producing countries were sufficient to meet global import demand. Similarly, world pig meat prices were unchanged, with global supplies adequately covering increased ...
Source: Pig 333
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