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The FAO Meat Price Index averaged 117.1 points in November, down 1.1 points (0.9%) from October, also marking the fifth consecutive monthly decline, but remained 4.6 points (4.1%) above its value a year ago.
In November, international bovine meat prices fell for the fifth month in a row. By contrast, world prices of all other meat types rebounded, with the price of ovine meat rising the most. International poultry meat prices also recovered, reflecting tighter global export supplies amid production setbacks in many large producing countries due to intensified avian influenza outbreaks. Meanwhile, pig meat prices rose 0.2% month on month on a surge in demand ahead of the upcoming holiday period and the impact of currency movements.
December 2, 2022/ FAO.
https://www.fao.org
