The FAO Meat Worth Index averaged 112.4 factors in February, up by 2.0 factors (1.8%) from January, reversing the seven months of consecutive drops, and standing 0.9 factors (0.8 %) under its corresponding worth a yr in the past.

Worldwide value quotations for poultry meat rose probably the most, adopted by bovine meat, underpinned primarily by an increase in demand from main importing international locations. The rise in bovine meat costs was attributable to lower-than-anticipated provide from Australia, as heavy rains disrupted cattle transportation from main producer areas. In the meantime, pig meat costs elevated barely attributable to increased demand from China, along with increased inside demand in Western Europe amidst a lingering tight provide state of affairs. Against this, worldwide ovine meat costs declined attributable to a slowdown within the tempo of imports by China and a record-breaking manufacturing following flock rebuilding in Australia.

March 8, 2024/ FAO.
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