World meat prices in October: only lamb went up

Published 2020년 11월 5일

Tridge summary

The Food and Agriculture Organization of the United Nations (FAO) has reported a decrease in global meat prices in October, with the exception of mutton and lamb, according to its Meat Price Index. The average index dropped by 0.5 points or 0.5%, totaling 90.7, marking a 10.9 point or 10.7% decrease compared to the same period last year. This decline is attributed to falling pork and beef prices, largely due to Chinese import restrictions and weak demand in the United States, respectively. Poultry prices also saw a slight decrease, while sheep meat prices increased due to stable demand and low exports, particularly in Australia.

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

Original content

According to the FAO's Meat Price Index, which is updated monthly by the Food and Agriculture Organization of the United Nations, all major meats, except mutton and lamb, fell in price on the world market in October. The average index was 90.7 points, which is 0.5 points or almost 0.5% less than in September, and 10.9 points (10.7%) lower than in October last year. Pork prices continued to fall as falling German quotations due to the continued impact of Chinese import restrictions outweighed the increase in Brazilian pork prices. Meanwhile, beef prices have been declining due to weak demand in the United States, along with rising exports from South America. Although supplies from Australia declined due to rising demand for livestock to restore the ...

Source: Meatinform