World pig meat prices increased in September
The FAO Meat Price Index averaged 121.4 points in September, down 0.6 points (0.5%) from August, also registering the third consecutive monthly decline, but still 8.7 points (7.7%) above its value in the corresponding month last year.
In September, international price quotations for ovine meat declined the most, underpinned by the impacts of currency movements. Bovine meat prices also fell on high export availabilities from Brazil and elevated cattle liquidation in some producing countries. Meanwhile, poultry meat prices fell marginally as world import purchases remained subdued, notwithstanding constrained export supplies from some large exporting countries amid avian influenza outbreaks. By contrast, world pig meat prices increased further, reflecting the supply shortfall of slaughter-ready pigs in the European Union.