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The FAO Meat Price Index averaged 117.9 points in June, virtually unchanged from May, as increases in international quotations for poultry and pig meats were nearly offset by declines in those for bovine and ovine meats. However, compared to its value in June of last year, the index was down 8.1 points (6.4%).
International poultry meat prices increased further, reflecting high import demand from East Asia, especially for supplies from Brazil, amidst the continued supply challenges stemming from widespread avian influenza outbreaks. Meanwhile, pig meat prices increased, underpinned by lingering tight supplies in leading producing regions, especially the European Union. By contrast, international bovine meat prices fell slightly due to increased exportable availabilities, especially in Australia. Similarly, ovine meat prices also fell on high supplies from Oceania.
July 7, 2023/ FAO.
https://www.fao.org
