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The FAO Meat Price Index for August grows by 22% compared to 2020

According to data provided by the FAO, its Meat Price Index has risen to 112.5 points. This represents 20.3 points or what is the same, 22% more than in August 2020. In August, international prices for sheep and beef increased, mainly supported by high purchases, mainly from China, and the limited supply of animals for slaughter.

Poultry prices also increased, reflecting strong import demand from East Asia and the Middle East. In contrast, pork prices fell due to the continued decline in purchases from China.

The FAO Food Price Index is a measure of the monthly change in international prices for a basket of food products. It consists of the average of the price indices of five commodity groups weighted according to the average export shares of each of the groups.

More information in the FAO report.