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Thu, 4 Jun 2020 10:37:39 +0000
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Meat List is a service of FAO’s Trade and Markets Division<http://www.fao.org/economic/est/est-commodities/meat/en/>


The FAO Meat Price Index* averaged 168.0 points in May, down 1.3 points (0.8 percent) from April, registering the fifth consecutive monthly decline. At this level, the index is 6.3 points (3.6 percent) below its value in the corresponding month last year and 44 points (20.8 percent) below the peak it reached in August 2014. In May, international quotations for poultry and pig meats continued to fall, reflecting high export availabilities in major producing countries, despite an increase in import demand in East Asia following the relaxation of COVID-19 social distancing measures. Ovine meat prices fell slightly due to diminished import demand from the Middle East, caused by economic hardships and logistical difficulties.  By contrast, bovine meat quotations increased on strong import demand amid reduced supplies from Brazil and Oceania, reflecting the start of herd rebuilding phases.

* Unlike for other commodity groups, most prices utilised in the calculation of the FAO Meat Price Index are not available when the FAO Food Price Index is computed and published; therefore, the value of the Meat Price Index for the most recent months is derived from a mixture of projected and observed prices. This can, at times, require significant revisions in the final value of the FAO Meat Price Index.

Graphs and tables<http://www.fao.org/economic/est/est-commodities/meat/en/>



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