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 - June 2015
The FAO Meat Price Index* averaged 169.8 points in June, essentially unchanged at around this level since March. Prices for pigmeat moved higher, while those for bovine and ovine meat declined, with poultry little changed. After falling since June 2014, average pigmeat prices rose in both May and June, underpinned by a strengthening of quotations in Europe. For bovine meat, augmented domestic supplies in some markets meant that import demand weakened somewhat causing quotations to decrease.
* 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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