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Thu, 2 Jul 2020 14:32:10 +0000 |
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Forum on national and international markets for livestock and
meat products < [log in to unmask]> |
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Meat List is a service of FAO’s Trade and Markets Division<http://www.fao.org/economic/est/est-commodities/meat/en/>
The FAO Food Price Index (FFPI) has been revised rebasing it from the period 2002-2004 to 2014-2016. US and Brazilian export unit values for various meats have been revised to include fresh and chilled products, in addition to frozen, effectively adding 8 (new) quotations to the index defined by the Harmonized System (HS) codes, resulting in a more comprehensive and representative view on the unit prices of the most traded meat products. Australian lamb prices added to the ovine subcomponent.
A feature article<http://www.fao.org/3/ca9509en/ca9509en.pdf#page=78> published in the June 2020 edition of the Food Outlook presents the revision of the base period for the calculation of the FFPI and the expansion of its price coverage.
A November 2013 article<http://www.fao.org/fileadmin/templates/worldfood/Reports_and_docs/FO-Expanded-SF.pdf> contains technical background on the previous construction of the FFPI.
The FAO Meat Price Index* averaged 95.2 points in June, down marginally (0.6 percent) from May and 6.1 points (6.0 percent) below its June 2019 level. International price quotations for poultry and bovine meats fell, largely due to increased export availabilities in major producing regions, despite high import orders from China and the Middle East. By contrast, pig meat prices made a small recovery, mostly driven by a timid recovery in Europe on expectation of the easing of COVID-19 market restrictions. Ovine meat prices made stronger gains as demand for herd building led to a tightening of supplies from Oceania amid consistently high import demand.
* 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.
Graphs and tables<http://www.fao.org/economic/est/est-commodities/meat/en/>
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