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Global pig meat prices fell in August in part due to decreased purchases from China

According to the FAO meat price index, global pig meat prices fell in August due while bovine, ovine, and poultry meat rose.

FAO meat price index. Source: FAO.
FAO meat price index. Source: FAO.
6 September 2021
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The FAO Meat Price Index averaged 112.5 points in August, up slightly from July, placing the index 20.3 points (22.0 percent) above its value in the corresponding month last year. In August, international quotations for ovine and bovine meats increased, principally underpinned by high purchases, mainly by China, and constrained supplies of animals for slaughter in Oceania. Poultry meat prices also rose, reflecting solid import demand from East Asia and the Middle East and limited production expansions in some major exporting countries owing to high input costs and labour shortages. By contrast, pig meat prices fell due to China's continued decline in purchases and weak internal demand in Europe amidst a slight increase in the supply of slaughter-ready pigs.

September 2, 2021/ FAO.
http://www.fao.org/

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