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Meat


The FAO Meat Price Index - May 2018

The FAO Meat Price Index averaged 169.6 points in May, marginally lower than in April. The small decline in the index in May reflected the easing of pig meat and ovine meat prices, while those of poultry meat rose slightly. International price quotations for pigmeat and ovine meat weakened, on lower imports by China in the case of pigmeat and on a stronger US dollar for ovine meat. While poultry prices are estimated to have increased slightly, poultry markets became difficult to monitor in recent weeks because of the uncertainty surrounding the situation in Brazil, the world’s largest poultry exporter, where millions of birds were reported culled following a prolonged truckers’ strike in May. Bovine meat prices remained steady on a generally well-balanced market situation.

* 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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