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Friday, October 18, 2024
FAO Cereal Price Index in September down 10.2% year-on-year
The FAO Cereal Price Index averaged 113.5 points in September, up 3.3 points (3.0%) from August but still 12.8 points (10.2%) below its September 2023 value.
Friday, October 18, 2024
FAO Meat Price Index in September up 4.8% year-on-year
The FAO Meat Price Index averaged 119.6 points in September, up 0.4 points (0.4%) from August and 5.5 points (4.8%) higher than its value a year ago.
Thursday, October 17, 2024
Chinese beef prices are falling - here's why
As of August 7, 2024, the average wholesale price of beef in China was ¥59.25/kg (US$8.31), down 16.64% from ¥71.08/kg on January 7.
Wednesday, October 16, 2024
Penang, Malaysia, aims to stop price surge of chicken eggs as country considers ending subsidies
Penang, Malaysia, will prevent any price surge for chicken eggs following a proposal to remove subsidies for producers, said State Agrotechnology, Food Security, and Cooperative Development Committee chairman Fahmi Zainol.
Tuesday, October 15, 2024
Nigerians may see dramatic rise in egg prices from US$7.25 to US$13.25
Nigerians may soon face a staggering hike in egg prices, with the cost potentially rising from the current ₦5,500 (US$7.25) to ₦10,000 (US$13.25) per crate, according to the Poultry Association of Nigeria (PAN).
Tuesday, October 15, 2024
Malaysia urged to consider more targeted price control for chicken eggs before ending subsidy
The Malaysian government has been advised to consider a more flexible or targeted price control mechanism for chicken eggs before taking steps to completely remove the subsidy for the commodity.
Monday, October 14, 2024
Minimal impact on egg prices in Malaysia expected if subsidies end, poultry group says
The Poultry Breeders Association of Selangor, Malaysia, does not foresee a significant rise in egg prices should the agriculture and food security ministry proceed with the removal of subsidies for chicken eggs, Free Malaysia Today reported ...
Thursday, October 10, 2024
Philippine poultry farmers face losses as farmgate chicken prices plummet
Poultry farmers in the Philippines continue to incur losses as the farmgate price of chicken has dropped to PHP 98 (US$1.71) per kg, while retail prices remain high at PHP 230 (US$4.02) per kg, The Philippine Star reported.
Thursday, October 10, 2024
McDonald's files lawsuit against major meat producers over alleged beef price fixing
McDonald's has filed a lawsuit against four of the largest global meat producers – Tyson, JBS, Cargill, and National Beef Packing – accusing them of conspiring to artificially raise beef prices, Legal Dive reported.
Wednesday, October 9, 2024
Pilot insurance to protect beef farmers in Prince Edward Island, Canada, against surprise price drops
Beef farmers on Prince Edward Island (PEI), Canada, are now eligible for protection against "an unexpected drop in prices over a defined period of time" through a recently launched pilot insurance programme.
Friday, October 4, 2024
EU broiler prices continue to rise, US and Brazil lag behind
EU broiler prices have seen a slight increase in the past month, averaging 277.31 Eurocents per kg for the week ending August 21, 2024, a 4.5% rise compared to the same period last year, Poultry News reported.
Friday, October 4, 2024
UK beef prices reach record high amid strong demand and tight supply
Hybu Cig Cymru - Meat Promotion Wales (HCC), UK, has reported that beef deadweight prices in the UK have surged to a new record high, driven by robust domestic and international demand, alongside a constrained supply, Meat Management report ...
Thursday, October 3, 2024
Scotland, UK prime cattle prices at "unprecedented" high levels in first half of September 2024, trade body says
Prime cattle prices in Scotland, the United Kingdom, have "surged to unprecedented levels" in the first half of September 2024, Quality Meat Scotland (QMS) reported.
Wednesday, October 2, 2024
Thailand considers temporary ban on live swine exports to curb soaring pork prices
Thailand's Ministry of Agriculture and Agricultural Cooperatives is set to consult the Ministry of Commerce over a temporary ban on live swine exports, which aims to alleviate the skyrocketing pork prices affecting both vendors and consumer ...
Monday, September 30, 2024
China moves to stabilise beef and dairy production amid falling prices
China's Ministry of Agriculture announced measures to stabilise beef and dairy production, boost consumption, and provide support for farmers, as declining prices drive small producers out of business, Reuters reported.
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