March FAO Meat Price Index up marginally

In March, price quotations for pig received some support from a surge in import demand, especially from China.

The FAO Meat Price Index averaged 162.5 points in March, up marginally (0.6 points or 0.4 percent) from its revised value for February, continuing a trend of modest price volatility observed for several months.

In March, price quotations for pig, bovine and poultry meats received some support from a surge in import demand, especially from China, notwithstanding increased export availabilities from major suppliers. By contrast, price quotations for ovine meat retreated for the third month in a row because of continued large export availabilities from Oceania.

fao meat prices

Thursday April 4, 2019/ FAO.
http://www.fao.org

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The FAO Meat Price Index was up slightly

The FAO Meat Price Index was up slightly, supported by higher prices of bovine and pig meat.

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FAO Meat Price Index down on an annual basis

The FAO Meat Price Index posted an a 0.8 percent increase during the month, led by a recovery in pigmeat prices, which were supported by strong global import demand, especially from Brazil. The index was down 2.2 percent on an annual basis.