Global meat production to remain stable, says FAO
UN’s Food and Agriculture Organisation (FAO) has
assured the global food commodity markets are on a stable path for the year
ahead with firm production prospects and abundant stocks
According to the organisation, this points to a broadly stable
outcome for price and supplies.
Dairy prices are projected
to remain weak, while fish prices appear poised to remain contained due to a
vibrant aquaculture production.
Meat production in general
is expected to be stable although poultry output - largely for export - is
forecast to grow.
The FAO Meat Price Index
rose two per cent, spurred by brisk import demand from Asia for pigmeat from
the European Union.
The FAO Dairy Price Index,
which is 24 per cent below its level of a year-ago, also saw a 0.4 per cent
increase thanks to improved prices in the EU and sustained international demand
for whole milk powder and butter.
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