In November, out of all types of meat, the price of lamb rose the most in the world

Published Dec 6, 2022

Tridge summary

The FAO Meat Price Index experienced a 0.9% decrease in November, marking the fifth consecutive month of decline, though it remains 4.1% higher than the previous year. This decrease is largely attributed to a drop in global beef prices, attributed to increased export shipments from Australia and Brazil. In contrast, prices for other meats like lamb and poultry have risen, driven by stable import demand and reduced global export supplies, respectively. Pork prices have also increased due to holiday demand and exchange rate fluctuations.

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

Original content

The average value of the FAO Meat Price Index in November was 117.1 points, which is 0.9% below the October level. The index fell for the fifth month in a row, but its value is still 4.1% higher than for the same period in 2021. In November, a decrease in world beef prices was recorded for the fifth month in a row. This is due to an increase in export shipments from Australia on top of the already significant volume of shipments from Brazil, even despite strong import demand from China. World prices for other types of meat, on the contrary, began to rise, and the most - lamb. This happened under the influence of stable import demand and despite a seasonal increase in supplies from Oceania. World prices for poultry meat also recovered due to a reduction in global export supply due to a decline in ...

Source: Agrotimes