The FAO
Meat Price Index* averaged 101.8 points in April, up 1.7 points (1.7 percent) from the slightly revised value for March, marking a seventh consecutive monthly increase and raising the index by 5.1 percent above the corresponding month
last year. In April, bovine and ovine meat quotations rose, underpinned by solid demand from East Asia, amidst tight supplies from Oceania due to ongoing herd rebuilding and low inventories. Elevated internal sales in some producing regions also supported
bovine and ovine meat prices. Pig meat quotations firmed on continued high purchases by East Asia, despite increased overall shipments from the European Union, while Germany continued with no access to the Chinese market over African swine fever concerns.
Meanwhile, poultry meat prices remained steady, reflecting generally balanced global markets.
* 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.
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