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FAO Meat Price Index Declines, Paraguayan Beef Exports Drop, and Brazil’s Meat Production Forecast

August 7: The FAO Meat Price Index registered declines of 5.1% yoy and 0.3% mom in July. The bovine product fell due to the increase in the supply from Oceania and the weak Asian demand, the agency analyzed. Meanwhile, the only segment with rises was pork (a six consecutive month rise), with a drop in poultry and sheep.

August 8: With a new drop in July, Paraguayan beef exports accumulated almost 217 thousand tons in the first seven months of the year, 7.4% less year-on-year. Chile, in first place, represented 41% of total sales; followed by Taiwan, with 14%; Brazil, with 10%; and Russia with 8%.

August 9: The Ministry of Agriculture and Livestock of Brazil and Embrapa estimated that the production of beef, pork and poultry in that country will increase by 22.4% in the next ten years. Chicken and pork will lead growth (28.1% and 23.2%, respectively) while beef will rise 12.4%.


2023-08-10 11:39:12
#News #Day #Meat

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