April 12, 2021
 

FAO Meat Price Index rise for sixth straight month

The FAO Meat Price Index averaged 98.9 points in March, up 2.2 points (2.3%) from February, continuing the upward trend for the sixth consecutive month, but still stood slightly (0.5%) below its value a year ago.

Poultry and pig meat quotations increased, underpinned by a fast pace of imports by Asian countries, mainly China.

Additionally, a surge in internal sales in Europe in preparation for the Easter celebrations supported pig meat prices.

Bovine meat prices remained steady at close to the February levels, as increases in quotations for Brazil and the United States compensated a decrease in export prices from Australia.

April 2021/ FAO.