Meat List is a service of FAO's Markets
and Trade
The
FAO Meat Price Index* averaged 112.5 points in August, up slightly from July, placing the index 20.3 points (22.0 percent) above its value in the corresponding month last year. In August, international quotations for ovine and bovine meats increased,
principally underpinned by high purchases, mainly by China, and constrained supplies of animals for slaughter in Oceania. Poultry meat prices also rose, reflecting solid import demand from East Asia and the Middle East and limited production expansions in
some major exporting countries owing to high input costs and labour shortages. By contrast, pig meat prices fell due to China's continued decline in purchases and weak internal demand in Europe amidst a slight increase in the supply of slaughter-ready pigs
* 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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