Meat List is a service of FAO's Markets
and Trade
The
FAO Meat Price Index* averaged 121.4 points in September, down 0.6 points (0.5 percent) from August, also registering the third consecutive monthly decline, but still 8.7 points (7.7 percent) above its value in the corresponding month last year. In September,
international price quotations for ovine meat declined the most, underpinned by the impacts of currency movements. Bovine meat prices also fell on high export availabilities from Brazil and elevated cattle liquidation in some producing countries. Meanwhile,
poultry meat prices fell marginally as world import purchases remained subdued, notwithstanding constrained export supplies from some large exporting countries amid avian influenza outbreaks. By contrast, world pig meat prices increased further, reflecting
the supply shortfall of slaughter-ready pigs in the European Union.
* 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.