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 2016
The FAO Meat Price Index* averaged 148.3 points in January, down 1.7 points (1.1 percent) from its December revised value. Quotations fell for most categories, with the exception of pigmeat, which was stable, mainly due to the opening of EU aid to private storage in January. Sheepmeat prices were sharply lower, reflecting the beginning of the peak production period in Oceania, while a lacklustre demand weighed on the prices of poultry and bovine meat.
* 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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