Cheese prices rose more, boosted by a surge in import demand for spot supplies amid market worries about the availability of supplies later this year, as a heat wave in early summer further affected already low milk production in Europe. Global milk powder prices rose due to strong import demand, persistent global supply constraints and low inventory levels. International butter prices rebounded as market uncertainty over milk supplies in the months ahead contributed to overseas purchases as well as domestic demand in Europe.
The FAO Meat Price Index averaged 124.7 points in June, up 2.1 points (1.7 percent) from May, setting a new record and 14.0 points (12.7 percent) above June 2021. Global prices for all types of meat rose, with poultry prices rising sharply to an all-time high, bolstered by continued tight global supply conditions due to the war in Ukraine and a bird flu outbreak in the Northern Hemisphere. Beef prices rose as China lifted restrictions on imports from Brazil. Meanwhile, pork prices rebounded slightly thanks to increased imports by several leading importers amid low purchases by China. International lamb prices also rebounded thanks to lower exports from New Zealand, despite low North Asian demand.
PigUA.info by facebook.com