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The FAO Meat Price Index averaged 112.1 points in October, down 0.8 points (0.7%) from its revised value in September, marking the third monthly decline, though still 20.3 points (22.1%) above its value in the corresponding month last year.
In October, international quotations for pig meat fell, principally underpinned by reduced purchases from China. Bovine meat prices also fell, reflecting a sharp decline in quotations for supplies from Brazil amid market uncertainty surrounding import suspensions by its leading trading partners over mad-cow disease concerns. By contrast, poultry meat quotations rose, boosted by high global demand, while production expansions remained weak due to high feed costs and avian flu outbreaks, especially in Europe. World ovine meat prices also increased slightly on continued supply limitations from Oceania due to high demand for flock rebuilding.
November 4, 2021/ FAO.
https://www.fao.org
