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 - January 2015
The FAO Meat Price Index averaged 194.3 points in January, down 3.2 points (1.6 percent) from its revised December value. Falling currency exchange rates relative to the United States dollar, especially the Euro, were partly responsible for the decline. The main products affected were pigmeat from Europe, bovine meat from Australia and ovine meat from New Zealand. Additionally, abundant export availability continued to weigh on pigmeat prices. The downward revision of the Meat Price Index for December, from 204.0 points published last month to 197.5 points, was mainly caused by an unanticipated sharp fall in export prices for Brazilian pigmeat and to a lesser extent Brazilian poultry.
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