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| Date: | Thu, 5 Sep 2019 09:50:03 +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 179.8 points in August, up 0.5 percent (nearly 1 point) from its revised value for July, continuing the trend of moderate month-on-month price increases shown since February. With the latest increase, the index value stands 12.3 percent above its level in January 2019 and 7.8 percent above the corresponding month last year. In August, price quotations for pigmeat strengthened further, underpinned by a strong import demand from Asia, principally China, where the African Swine Fever (ASF) continued to limit domestic pigmeat production. Despite strong import demand, poultry and ovine meat price quotations remained steady, reflecting increased export availabilities from the main producing regions. While international trade in bovine meat remained robust, its price quotations denominated in USD declined marginally, reflecting the weakening of national currencies of some large exporting countries, including Australia.
* 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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