FAO meat price index continued to rise in April

The meat price index has risen seven consecutive months with pig meat quotations firming.

The FAO Meat Price Index averaged 101.8 points in April, up 1.7 points (1.7 percent) from the slightly revised value for March, marking a seventh consecutive monthly increase and raising the index by 5.1 percent above the corresponding month last year.

In April, pig meat quotations firmed on continued high purchases by East Asia, despite increased overall shipments from the European Union, while Germany continued with no access to the Chinese market over African swine fever concerns.

Bovine and ovine meat quotations rose, underpinned by solid demand from East Asia, amidst tight supplies from Oceania due to ongoing herd rebuilding and low inventories. Elevated internal sales in some producing regions also supported bovine and ovine meat prices. Meanwhile, poultry meat prices remained steady, reflecting generally balanced global markets.

May 7, 2021/ FAO.


Source : pig333.com

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