December 5, 2022
FAO Meat Price Index in November dropped 1.1 points from October
The FAO Meat Price Index averaged 117.1 points in November, down 1.1 points (0.9%) from October, which also marked the fifth consecutive monthly decline.
However, the points 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 due to a surge in demand ahead of the upcoming holiday period and the impact of currency movements.