September 6, 2021
World's pork prices dropped in July, according to FAO Meat Price Index
Poultry, ovine and bovine meat prices increased while global pork prices fell in July, according to the FAO Meat Price Index.
The index averaged 110.3 points in July, up marginally from June, putting the index 19.6% above the corresponding month last year.
In July, quotations for poultry meat rose the most, underpinned by increased imports by East Asia amidst limited production expansions in some producer regions, while those of ovine meat increased on high import purchases and seasonally declining supplies from Oceania.
Bovine meat prices also strengthened, reflecting the tightening of global markets due to lower supplies from major producing regions and continued high imports, especially from China.
Conversely, pig meat prices fell, following a decline in imports by China, notwithstanding limited supplies from Germany due to the spread of African swine fever in some pig farms.