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The FAO Meat Price Index averaged 93.0 points in July, down 1.7 points (1.8 percent) from June and 9.4 points (9.2 percent) below the corresponding month last year.
Price quotations for pig and bovine meats both fell in July, as global import demand volumes remained below export availabilities, despite the coronavirus-induced disruptions to slaughtering, processing and export activities in key exporting regions.
Quotations for poultry meat registered a recovery, following five months of consecutive declines, largely reflecting production cuts in Brazil, triggered by high feed costs and concerns over demand outlook moving forward. Following a sharp increase in June, ovine meat prices increased only slightly in July, reflecting a more subdued demand.
August 6, 2020/ FAO/ United Nations.
http://www.fao.org/
