FAO Meat Price Index up

The FAO Meat Price Index standing 7.4 points below its value in the corresponding month last year.

The FAO Meat Price Index* averaged 114.5 points in April, up 1.5 points (1.3 percent) from March and standing 7.4 points (6.1 percent) below its value in the corresponding month last year.

In April, international price quotations for pig meat rose the most on increased import purchases by Asian countries and the continued supply limitations in several leading exporters due to high production costs and animal health issues. In the meantime, world poultry meat prices rebounded, following nine months of continuous declines, as import demand increased from Asia, while supply limitations arising from widespread avian influenza outbreaks continued in many regions. International bovine meat prices also increased, in response to a decline in cattle supplies for slaughter, especially in the United States of America.

Meanwhile, ovine meat prices remained largely stable, as elevated export availabilities from Oceania nearly matched increased imports by Asian and Middle Eastern countries.

SOURCE: FAO