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From: Meat-Moderator <[log in to unmask]>
Date: Thu, 9 Jan 2020 14:00:14 +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 191.6 points in December, almost unchanged from its revised November value. At this level, the index is 29 points (18 percent) above its corresponding month in 2018, though still well below (by 20.0 points) its peak reached in August 2014. In December, price quotations for pig meat rose as global market tightness continued with some major suppliers, especially the European Union and Brazil, struggling to keep pace with strong pre-festivity internal demand, in addition to persistent solid import demand from Asia. Quotations for ovine meat rose for the ninth consecutive month due to strong import demand amidst limited export supplies from Oceania, while those for poultry meat increased slightly on account of tighter supplies, especially from Brazil. By contrast, price quotations for bovine meat fell in view of the reduced purchases by China - the main source of demand for several months. Overall, the FAO Meat Price Index averaged 175.8 points in 2019, an increase of 9.5 points (5.7 percent) from 2018. Among the different meat categories, pig meat prices registered the biggest year-on-year increase, followed by bovine and poultry meat, while those of ovine meat averaged below their respective 2018 annual average.

* 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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