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 - May 2015
The FAO Meat Price Index* averaged 171 points in May, down 1.7 points (1.0 percent) from its revised April value. Generally lower prices for meat exports from the United States continue to weigh on the Index. Overall, international prices of bovine and ovine meat moved lower, while those of poultry and pigmeat were little changed. In the case of poultry meat, import restrictions imposed by some countries due to outbreaks of highly infectious avian influenza in some states in the US also influenced prices. After declining since June 2014, pigmeat meat prices were relatively stable in April and May, with European prices in particular stabilizing.
* 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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