Global Meat Prices Rise To All-time High Amid Us, China Demand – Fao

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Global nutrient prices person risen to an all-time precocious led by import request for beef and lamb from nan US and China, according to nan United Nations (UN). 

Meat and rootlike lipid prices helped thrust up nan Food and Agriculture Organization of nan United Nation’s scale search 5 nutrient commodities to nan highest level since February 2023.

The FAO Food Price Index averaged 130.1 points successful July, up 1.6% from June. It roseate 7.6% from nan aforesaid period successful 2024 but was 18.8% beneath nan all-time highest reached successful March 2022.

Meanwhile, nan FAO Meat Price Index averaged 127.3 points, up 1.2% from June and nan highest successful astatine slightest 35 years. It was up 6% from July 2024.

Poultry nutrient prices besides saw an increase, pursuing Brazil’s regaining of its avian influenza-free status.  

Conversely, pig nutrient prices declined owed to “ample” supplies and reduced demand, peculiarly successful nan EU. 

The FAO Vegetable Oil Price Index roseate to 166.8 points successful July, a 7.1% summation from June, reaching a three-year high.  

It was driven by higher quotations for palm, soy, and sunflower oils.  

Palm lipid prices roseate connected “robust world request and improved competitiveness”, while soy lipid was buoyed by expectations of patient biofuel assemblage request successful nan Americas, nan US agency said.  

The value increases successful nutrient and rootlike oils were offset by declines successful cereal, dairy and sugar. 

The FAO Cereal Price Index decreased by 0.8% to 106.5 points, pinch declining wheat and sorghum prices outweighing increases successful maize and barley.  

Fresh seasonal wheat harvests successful nan bluish hemisphere applied downward pressure, nan FAO said, adding that adverse conditions for outpouring wheat successful parts of bluish America provided immoderate support. 

The FAO Dairy Price Index edged down for nan first clip since April 2024, by 0.1% to 155.3 points. However, it was up almost 22% from July past year.

Prices of food and beverage powder prices decreased. But food prices continued to rise, partially driven by request successful Asia, arsenic good arsenic nan little export readiness successful nan EU. 

Falling for a 5th consecutive month, nan FAO Sugar Price Index averaged 103.3 points, down 0.2% from nan erstwhile month.  

The FAO said that nan expectations of a world accumulation betterment successful 2025/26, notably successful India, and Thailand, weighed connected prices, though signs of a rebound successful world sweetener imports moderated nan decline.