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 - October 2014
The FAO Meat Price Index averaged 208.9 points in October, 2.3 points (1.1 percent) less than its revised value for September. However, quotations for most types of meat are still at historic highs and the Index stands 21.6 points (11.5 percent) above its corresponding level in 2013, principally because of strong bovine meat prices. In October 2014, the quotations of bovine meat and, especially, pig meat moved lower, while those of poultry and ovine meat were, respectively, stable and slightly stronger. Pig meat prices have shown signs of weakness since July, as production recovered in some of the countries affected by outbreaks of porcine endemic diarrhea (PED) – reducing import demand and increasing availability for export. Also, favourable weather and prices are supporting a recovery in the bovine herd in Australia and hence export availability.
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