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| Date: | Thu, 5 Mar 2020 11:09:56 +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 178.6 points in February, down 3.7 points (2.0 percent) from January, marking the second month of decline, following 11 months of moderate increases. At this level, the index value was 15.9 points (9.8 percent) above the corresponding month last year. In February, international prices of ovine meat fell the most, followed by bovine meat, primarily due to reduced imports by China, reflecting delays in cargo handling in ports, which, in turn, led to stock build up in major exporting countries. Drought-induced slaughter in New Zealand also weighed on international quotations for ovine meat. Current import demand for pig meat eased from its earlier highs, but some supply tightness in Europe pushed up prices marginally. Poultry meat prices came under slight downward pressure due to lower purchases by Asia.
* 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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