FAO meat price index down marginally in October

The FAO Meat Price Index averaged 120.4 points in October, down marginally (0.3%) from the revised September value and 8.4 points (7.5%) above its level a year ago.

International pig meat prices fell the most, reflecting increased slaughter in Western Europe amid weak domestic and foreign demand.

World poultry meat prices fell slightly, pressured by higher export supplies from major global producers. World ovine meat prices remained largely stable, as rising global demand offset a surge in new season supplies from Oceania. By contrast, international price quotations for bovine meat increased moderately, underpinned by stronger international purchases.