Trade and markets


The FAO Meat Price Index - February 2018

The FAO Meat Price Index averaged 169 points in February, unchanged from its slightly revised value for January 2018 and almost 5 percent higher than at the same point last year. An increase in price quotations for bovine meat was offset by decreases in poultry and pig meat quotations, while those of ovine meat remained almost unchanged. Limited export availabilities from New Zealand caused bovine meat prices to strengthen for the second month in a row. International price quotations for poultry meat declined for the fourth consecutive month, largely on account of abundant export availabilities in major producing regions. Limited world import demand pressured the pig meat price index, which continued to fall since September 2017.

* 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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