Source: Tom Johnston, MEATINGPLACE, 9/14/15

FAO’s Food Price Index in August registered its sharpest fall since December 2008 on a slump in energy prices and concerns over China’s economic slowdown.

The index averaged 155.7 points in August, down from 5.2 percent in July, with almost all major food commodities dipping significantly except for meat.

The meat price index bucked the general downward trend, with prices in August remaining largely unchanged from the previous month.

That said, overall meat prices were down by 18 percent compared to the meat price index historic peak in August 2014.

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