Trade and markets


The FAO Meat Price Index - November 2017

The FAO Meat Price Index* averaged 173.2 points in November, almost unchanged from its slightly revised October value. International price quotations for pigmeat weakened for the third consecutive month, on account of slow import demand and large export availabilities. Similarly, ovine meat quotations slid downward, for the second successive month, largely due to continued increase in meat supplies in Oceania. By contrast, bovine meat prices rose for the third month in a row, supported by limited spot supplies from Oceania. Prices in poultry meat markets remained stable.

* 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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