Tridge summary
In August, international meat prices decreased across all types of meat due to increased exportable supplies and weakened demand from China. Sheep meat saw the largest drop in prices, mainly driven by a sudden increase in supplies from Australia. Poultry meat prices also continued to fall due to an abundant supply, particularly from Brazil, despite large purchases from importers in East Asia and the Middle East.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In August, the FAO Meat Price Index reached an average value of 114.6 points, that is, 3.6 points (3.0%) less than in July and 6.5 points (5.4 %) below its value a year ago. In August, international prices for all types of meat fell, with sheep meat registering the most pronounced drop, mainly due to a sudden increase in exportable supplies, especially in Australia, and the weakening of demand from China. Pork prices decreased, mainly due to the lack of demand from the main importing countries, in parallel with the abundant exportable availability in Europe in the face of limited domestic sales. World poultry meat prices continued to fall in August, mainly as a result of abundant supply, especially from Brazil, despite large purchases from several of the main ...
Source: 3tres3
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