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 - December 2016
The FAO Meat Price Index* averaged 161.5 points in December, 1.8 points (1.1 percent) down from its revised value for November. Quotations for ovine and bovine meat in particular fell, while those for poultry and pig meat were only slightly down. Despite modest growth during the course of the year, the average value of the Index in 2016 was 7 percent below that of 2015, with the largest falls recorded for bovine and poultry meats.
* 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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