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08

2023

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02

FAO: Global Pig Meat Prices Down Slightly in January

Source:

FAO

The FAO Meat Price Index averaged 113.6 points in January, down marginally (0.1 points and 0.1%) from December, continuing the decline for the seventh consecutive month, but it still stood 1.5 points (1.3%) above its year-earlier level. Lower world prices of poultry, bovine, and pig meats underpinned the decline in the index in January.

 

Global pig meat prices fell slightly in January due to ample supplies of slaughter-ready pigs and lower-than-expected imports by China.

 

The FAO Meat Price Index averaged 113.6 points in January, down marginally (0.1 points and 0.1%) from December, continuing the decline for the seventh consecutive month, but it still stood 1.5 points (1.3%) above its year-earlier level. Lower world prices of poultry, bovine, and pig meats underpinned the decline in the index in January.

 

World poultry meat prices fell further as global export availabilities from leading suppliers continued to exceed import demand, despite widespread avian influenza outbreaks. Meanwhile, pig meat prices fell slightly due to ample supplies of slaughter-ready pigs, especially in Brazil and the United States of America, and lower-than-expected imports by China ahead of the Spring Festival. Likewise, international bovine meat prices declined, with increased supplies of slaughter-ready cattle, mainly in Oceania. By contrast, ovine meat prices rose on higher import demand, notwithstanding increased slaughter volumes in Australia.