World meat prices fall in July
02/08/2018
The FAO Food Price Index, a measure of the monthly change in international prices of a basket of commodities (relative to prices in 2002-2004), averaged 168.8 points, 3.7% below the June level, and the biggest monthly drop since late 2017.
The Meat Price Index averaged 170.7 points in July, down 3.3 points (1.9%) from its revised value for June. Very broadly, this means that the quantity of meat consumers could have bought for $100 in 2002-2004 would have cost $170.70 last month.
June prices were higher because of what the Rome-based organisation called “a sharp rise in bovine meat prices from Brazil”. It said this was caused by a decline in exports following the truck drivers’ strike. In July, meat exports from Brazil picked up again leading to the fall in meat prices around the world.
Share this story:
