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Meat

The FAO Meat Price Index - May 2019

The FAO Meat Price Index* averaged 170.2 points in May, up marginally from April and continuing the moderate month-on-month price increases registered since the beginning of the year. In May, pig meat quotations continued to rise due to strong import demand, especially from East Asia, primarily driven by production declines associated with the spread of the African Swine Fever (ASF) in the region. Ovine meat prices also received a push from robust import demand, notwithstanding record export volumes from Oceania, while poultry meat prices remained stable reflecting well-balanced market conditions. By contrast, price quotations of bovine meat eased from the highs recorded in April, reflecting elevated global export supplies.

* 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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