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 2016
The FAO Meat Price Index* averaged 158.3 points in June, 3.8 points (2.4 percent) higher than its revised May value. For the third consecutive month, average quotations strengthened for all categories of meat, particularly those of pigmeat and ovine meat, while smaller increases were registered for bovine and poultry meat. In the EU, a shortage of pigs for slaughter and lighter slaughter weights constrained supply and caused export quotations to move up strongly. Similarly, reduced export supplies boosted quotations of sheep meat and bovine meat in Oceania. Poultry meat prices have exhibited a moderate but steady increase for the year so far, rising by 10 percent since January: Brazil in particular has experienced strong growth in sales, especially to Japan and Saudi Arabia.
* 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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