Trade and markets


The FAO Meat Price Index - June 2019

The FAO Meat Price Index* averaged 176.0 points in June, up 2.6 points (1.5 percent) from its revised value for May, further continuing the moderate month-on-month price increases registered over the last five months. In June, price quotations for ovine, pig and poultry meats all rose on strong import demand, especially from East Asia, as the spread of the African Swine Fever continued to limit domestic production. While global import demand for bovine meat too was robust, price quotations remained stable due to increased export availabilities from Oceania.

* 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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