FAO meat price index up again
FAO meat price index has increased by 10% between January and July, reaching 176.2 last month. This marks a period of six consecutive months of a rise in meat prices.
Due to increased supplies in the US and Brazil, pig meat prices were down slightly last month. Poultry was stable but the increase in meat prices has been driven by sheepmeat and beef, with increased demand from Asian countries. The main beneficiaries were Australia, New Zealand and Brazil, all three countries reporting increased exports in the last six months, mainly to China. The FAO Food Price Index fell in the latest month but was still around 2% higher than in July 2018.
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