Global meat prices decline in August – FAO

The FAO Meat Price Index averaged 114.6 points in August, down 3% (3.6 points) from July and 5.4% (6.5 points) from its value a year ago, according the most recent Meat Price Index report from FAO.

International prices of all meat types fell in August, with the steepest drop registered for ovine meat, principally underpinned by a surge in export availabilities, mainly from Australia, and weaker demand from China.

Pig meat prices declined, driven primarily by subdued import demand from leading importers, in tandem with abundant export availabilities in Europe amid limited internal sales.

World poultry meat prices continued to decrease in August, principally underpinned by abundant supplies, especially from Brazil, despite large purchases by several leading importers in East Asia and the Middle East.

Bovine meat prices fell moderately due to ample supplies of slaughter-ready cattle in several leading producing countries and subdued import demand, especially in North Asia.

Tags: FAO Meat Price Index, demand, Australia, bovine meat, China, ovine meat, export, Brazil, prices, Meat, poultry meat, supplies, pig meat