Trade and markets
 

Meat

The FAO Meat Price Index - October 2018

The FAO Meat Price Index* averaged 161.6 points in October, down 3.3 points (2.0 percent) from September and 11 points below its value a year ago. In October, the prices of all main meat categories represented in the index eased, with ovine meat falling the most, followed by pigmeat, bovine and poultry meat. After four months of continuous strength, ovine meat prices lessened, underpinned by the availability of new season supplies from Oceania. Import restrictions associated with new cases of African swine fever, coupled with large export availabilities from the main producing countries, continued to weigh on pigmeat prices. Bovine meat prices declined for the third consecutive month on continued abundant export supplies, while the current market sluggishness weighed on the prices of poultry 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.

Meat and Livestock Market Network (MLMN) (E-mail forum on Livestock and Meat) To subscribe to the network, please send an e-mail to listserv@listserv.fao.org leaving the subject blank and then put in the first line of the message the following: subscribe Meat-L