0
The FAO Meat Price Index averaged 112.8 points in February, up 1.2 points (1.1 percent) month-on-month and 15.0 points (15.3 percent) from its level a year ago.
In February, international bovine meat quotations reached a new record high, driven by strong global import demand amidst tight supplies of slaughter-ready cattle in Brazil and high demand for herd rebuilding in Australia. Pig meat prices also edged up, reflecting increased internal demand and scaled-back hog supplies in the European Union and the United States of America. Quotations for ovine meat weakened for the fourth consecutive month due to high exportable supplies in Oceania. Meanwhile, poultry meat prices fell slightly due to reduced imports by China following the end of the Spring Festival and lower domestic demand in Brazil.
March 4, 2022/ FAO.
https://www.fao.org
