Global pig meat prices down slightly in January

Published 2023년 2월 6일

Tridge summary

The FAO Meat Price Index experienced a slight decrease of 0.1 points in January, marking its seventh consecutive month of decline, although it remained higher than the previous year. This decrease was primarily due to lower world prices of poultry, bovine, and pig meats, with poultry prices falling as export availability exceeded import demand, despite avian influenza outbreaks. Pig meat prices also fell due to high supplies in Brazil and the USA, and lower-than-expected Chinese imports. In contrast, ovine meat prices rose due to increased import demand.

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

Original content

The FAO Meat Price Index averaged 113.6 points in January, down marginally (0.1 points and 0.1%) from December, continuing the decline for the seventh consecutive month, but it still stood 1.5 points (1.3%) above its year-earlier level. Lower world prices of poultry, bovine, and pig meats underpinned the decline in the index in January. World poultry meat prices fell further as global export availability from leading suppliers continued to exceed import demand, despite widespread avian influenza outbreaks. Meanwhile, pig meat prices fell slightly due to ample supplies of slaughter-ready pigs, especially in Brazil and the United States of America, and lower-than-expected imports by China ahead of the Spring Festival. Similarly, international ...

Source: Pig 333