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Overall, the FAO Meat Price Index averaged 175.8 points in 2019, an increase of 9.5 points (5.7 percent) from 2018. Among the different meat categories, pig meat prices registered the biggest year-on-year increase, followed by bovine and poultry meat, while those of ovine meat averaged below their respective 2018 annual average.
In December, price quotations for pig meat rose as global market tightness continued with some major suppliers, especially the European Union and Brazil, struggling to keep pace with strong pre-festivity internal demand, in addition to persistent solid import demand from Asia.
In relation to prices of December, the FAO Meat Price Index averaged 191.6 points in December, almost unchanged from its revised November value. At this level, the index is 29 points (18 percent) above its corresponding month in 2018, though still well below (by 20.0 points) its peak reached in August 2014.
Thursday January 9, 2020/ FAO.
http://www.fao.org
