Meat List is a service of FAO’s Trade
and Markets Division
The FAO Meat Price Index averaged 169.8 points in March, almost unchanged
from February. At this level, the index is 3 percent above the corresponding month last year but still almost 20 percent below the peak reached in August 2014. Across the various meat categories that constitute the index, price quotations for ovine meat increased,
pig meat gained slightly, poultry meat remained stable, while those for bovine meat eased. Strong import demand, especially by China, strengthened ovine meat prices. Somewhat tight supplies in Europe underpinned a small increase in pigmeat prices, while subdued
demand and expectations for supplies from New Zealand to increase in the coming months weighed on bovine meat values.
* 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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