date:Aug 10, 2012
The FAO Meat Price Index declined 1.7 percent or three points from June to an average 168 points in July. FAO attributed market weakness to the decline in the four major meat categories, in particular pork prices, which declined 3.6 percent.
The Index averaged 213 points, up 12 points from June, FAO said, but was still well below the peak of 238 points reached in February 2011. FAO attributed the Index's sharp increase to a surge in grain and sugar prices. The Index measures the monthly change