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Meat

The FAO Meat Price Index - September 2019

The FAO Meat Price Index* averaged 181.5 points in September, up 0.8 percent (1.4 points) from August, continuing the moderate month-on-month price increases observed since February 2019. In September, price quotations for ovine and bovine meats continued to firm on solid import demand, especially from China, despite elevated export availabilities in Oceania. By contrast, while domestic pigmeat prices in China - the world’s largest market - remained at the high levels recorded the previous month, pigmeat prices in international markets tended lower, pressured by increased export supplies in Europe. Price quotations for poultry meat remained stable, as export availabilities were adequate to meet import demand.

* 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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