December 18, 2023

FAO Meat Price Index in November downed 0.4% from October

The FAO Meat Price Index averaged 111.8 points in November, down by 0.4% from October and reflecting small drops in the prices of poultry, pig and bovine meats.

At this level, the index value stood 2.8 points (2.4%) below its corresponding value one year ago.

The drop in international poultry meat prices reflected elevated supplies, mainly from Brazil, notwithstanding the challenges to production stemming from avian influenza outbreaks across many countries.

Pork prices were down due to persistent sluggishness in import demand in Asian markets and ample exportable availabilities in some exporters, despite a surge in internal sales in Europe ahead of the winter holidays.

Meanwhile, ample exportable supplies from Brazil and Oceania weighed on global bovine meat prices. By contrast, ovine meat prices rose slightly, mostly reflecting the impact of currency movements.

- FAO