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 - April 2016
The FAO Meat Price Index* averaged 146.6 points in April, up 1.2 points (0.8 percent) from March. The prices of pig and poultry meats were mostly steady, reflecting an overall balanced supply and demand situation. While they moved higher for sheep meat, the main notable change concerned the rise in bovine meat quotations, where restricted supplies and an up-tick in demand from the United States pushed up Australia’s average monthly export prices to their highest level since October 2015.
* 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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