Global meat prices still rise to a new standard level

Global meat prices recorded a new record during September, in the longest wave of monthly profits since 2021, as the number of livestock in the United States has decreased and their inability to meet the strong demand for beef. The United Nations Food and Agriculture Organization (FAO) said on Friday that the index followed by meat -related commodity prices increased by 0.7%, which recorded the eighth monthly rise in a row. This increase was mainly driven by cows of meat, with the number of livestock in the United States dropping to the lowest level in decades, and the high prices in Brazil, the largest export country, along with the spread of a deadly spiral worm in Mexico. Also read: A new highlight for global meat prices amid the rush of inflationary pressure, which has contributed to raising the prices of food commodities worldwide, reaching the highest level in more than two years during July, increasing the inflation loads on consumers and policymakers. Last month, the European Central Bank indicated that food prices were rising faster than the general inflation rate, while the British Retail Union said the high cost of employment and energy still increased production costs among many farmers. “The scarcity of local supplies and the positive price difference in the United States still support the import of livestock, especially from Australia, which has recorded a rise in prices.” It may be interested in: the extremist weather increases the prices of food around the world, the high prices of Brazilian livestock. The report said that “the prices of the Brazilian livestock also rose, supported by a strong world demand, which contributed to compensation for the decline in access to the US market after the imposition of high customs duties.” Meat was the only main category among the food commodities, followed by “FAO” and recorded an increase in September, with extra support of the high prices of mutton. On the other hand, the general food prices index fell slightly, with the prices of grain, vegetable oils, dairy products and sugar.