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The FAO Meat Price Index averaged 90.7 points in October, down slightly (0.5 points or 0.5 percent) from September, marking the ninth monthly decline since January, and standing 10.9 points (10.7 percent) lower than its value a year ago.
Pig meat prices dropped, as a fall in the quotations of German products, reflecting continued influence of the import restrictions imposed by China on Germany, outweighed an increase in those from Brazil due to robust import demand. Meanwhile, bovine meat prices declined due to weak demand in the United States of America, coupled with rising shipments from South America, although supplies from Australia drifted lower due to rising demand for cattle for herd rebuilding. Poultry meat prices also fell slightly because of reduced orders from China and Saudi Arabia. By contrast, prices of ovine meat rose on steady internal demand and low export supplies, especially in Australia.
November 2020/ FAO.
http://www.fao.org
