New FAO Meat Price Index
The FAO Meat Price Index has been revised to better reflect the structure of world trade in meat products...
The FAO Meat Price Index - March 2015
The FAO Meat Price Index* averaged 177.0 points in March, down 1.8 points (1.0 percent) from its revised February value. The reduction was caused principally by lower pigmeat and poultry quotations, but prices for ovine meat also fell. Bovine meat quotations were largely unchanged. Since reaching an historic peak last July, the Index has fallen each month. Reduced import demand in Asia, where several countries recorded large production gains, and in the Russian Federation, which continues to impose restrictions on imports, have been important factors underlying the drop in prices.
* Unlike for other commodity groups, most prices utilised in the calculation of the FAO Meat Price Index are not available when the FAO Food Price Index is computed and published; therefore, the value of the Meat Price Index for the most recent months is derived from a mixture of projected and observed prices. This can, at times, require significant revisions in the final value of the FAO Meat Price Index.
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